CPA vs. Non-CPA
The CPA designation is one of the most widely recognized and highly trusted professional designations in the business world. When compared to accountants and other providers of accounting services, the CPA stands out. Through a 100-year history of competence, integrity and objectivity, CPAs are without a doubt the premier providers of consulting and advising services in the marketplace.
CPAs in Indiana must meet stringent licensing requirements to be able to call themselves a CPA. First, they must complete at least 150 hours of education from an accredited college program. Next, they must pass the CPA Examination, which is generally regarded as the most rigorous of all professional certification exams. Then, they must acquire two years of experience. Finally, to maintain their license, CPAs must complete 120 hours of continuing professional education every three years.
And if that's not enough, CPAs must also adhere to a professional code of conduct that stresses the profession's traits of independence, objectivity and integrity, and emphasizes the commitment to serve and protect the public interest. Many CPAs in public practice are also involved in peer review programs in which another firm completes a thorough check of quality control standards. Those who use CPAs know the letters C-P-A represent a trusted professional they can depend on.
Some CPAs do accounting work. But many perform a countless number of consulting and advising services that have grown through the years to meet the needs of individuals and businesses large and small alike. With so much to offer clients and employers, no one CPA can be an expert in all disciplines of the profession. However, all CPAs share the same basic characteristics and accomplishments that led them to earn the valued CPA designation. In other words, CPA may = accountant, but accountant does not = CPA.
The CPA is licensed to perform audits of financial statements for public companies. And that audit function continues to play a vital role in the profession's responsibility to serve the public interest. CPAs also perform reviews and compilations of financial statements. But today's CPA profession has greatly expanded its service offerings. See your CPA for financial planning, technology services, assurance services, performance management, management consulting, and the list goes on.
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