CPA

What is CPA?

CPA is the short form of many sentences, but here we are talking about it in the accounting perspective. Even though it is in accounting perspective, it has many meanings in different countries too. Many countries use CPA as the main regulatory body to regulate, monitor and control the accounting practice in the country. If you need to be a certified accountant in the country, you need to follow the course provide by the CPA entity and need to pass the exams. After that they are offering you the certificate based on your results. Professionals around the world are looking for CPA status and the membership due to high demand in the industry as well as around the world. Further they can get high demand jobs same as this is a legal pathway to migration. Hence CPA is one of the most demanding professional programs in the world now. In this article, we are going through some basic understanding about the world wide CPAs such as CPA Australia, CPA Canada and CPA USA. Normally CPA institutions are doing following areas relating to the industry;

• Implementation of regulations and standers for country’s practice
• Conducting examinations for qualifying certified charted accountants
• Monitoring the accounting practice and implementing new rules and regulations
• Conducting disciplinary hearings and taking actions for misuse or fraud in practice
• Issuing publications for accounting in the country
• Monitoring auditing entities

CPA in USA

The long term of the CPA in United States of America is Certified Public Accountant. In USA you cannot practice as an accountant without CPA in public. Companies are requesting the membership of the CPA governing body to offer you the job. The “National Association of State Boards of Accountancy” is the governing body of CPA in USA. To practice as an accountant in any state of USA, you need to get the membership from NASBA as well as license in the state where you practice. The accountants who get the membership are more fortunate, since this is very difficult to achieve than a degree.

Entry qualifications for CPA in USA

You need to have an associate degree in accounting as well as practical experience as a junior accountant in a small company or a firm. Further you should be an USA citizen as well as above 21 years of age. You can apply for the exam with above mandatory requirements. You can get all the data from NASBA site for more information.

CPA in Canada

The long term for CPA in Canada is little bit different from the CPA in USA. It says as "Charted Professional Accountants". If you need to practice as an accountant in Canada, you should be a licensed CPA in Canada. The governing body of the CPA Canada is also called as “CPA Canada”. You need to register in CPA Canada institute for being a CPA. There you will get a tough examination for becoming a CPA.

If you have completed an associate degree as well as 30 months experience in the accounting field, you can register for CPA Canada.

In Canada also, you can see the CPA authorities are changing state to state same as United States of America. There are separate entities and web sites for the student references. If you are looking for exemptions for CPA subjects, you may get some and need to check with CPA Canada. According to the data, CPA Canada is one of the hardest examinations in the world. Some professionals say its’ pass rate is 50%. That is because of the standard which CPA Canada expects and that is the main reason for high demand for CPA Canada members around the world.

CPA in Australia

The CPA word in Australia is stands for “Certified Practicing Accountant”. When you are going to practice as an accountant in Australia, you should have acquired CPA membership. To become a CPA accountant you need to have a degree which recognize by the CPA Australia in prior as well as you need to complete CPA within six years. If you do not have a degree you need to face to CPA foundation program which conduct by CPA Australia. Further if you cannot complete the entire exam within six years, CPA Australia will review your application for more extension. You can sit for three subjects for a semester, but it is recommended to sit for one subject for one semester. In CPA Australia there are three stages of membership.

• Associate Member – The student can be an associate member while doing the exams for six years
• CPA Member – If you have completed CPA exams in six years, you can apply for the CPA Australia membership
• Fellow Member – If you have at least fifteen years of experience including five years in the executive position, you can apply for fellow membership