The Most Important Aspects Of The Profession Of Cpas

1495 WordsFeb 21, 20166 Pages
The accounting profession is considered a very important element in the business world and the economic world. This profession is performed by the certified public accountant (CPA). After passing the state’s exam and meeting the additional experience requirement you will get a CPA license. Based on the article of “CPA Horizons 2025” we are going to identify the four influential factors in the profession of CPAs, which are: Pre-certification and lifelong learning, pride in the profession, value proposition, and world-wide profession. Introduction “A CPA is a certified public accountant who is licensed by a state board of accountancy. To earn the prestige associated with the CPA license, you are required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice.” (NASBA) The main function of the CPA is an insurance function. This insurance service is also known as the financial audit, where the CPA certifies compliance of financial statements with accounting standards and do not contain any material misstatements. The CPA also provides services of financial analysis, management consulting, tax preparation, financial planning, and corporate finance. The documents provided by CPAs are trusted by all
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