CPA offered by AICPA (American Institute of CPAs) is the US equivalent of Indian CA Qualification. The CPA examinations are conducted by the AICPA (American Institute of CPAs) which is the world’s largest accounting body.
Step by step roadmap to become a CPA in 12 months:
Decide to be a CPA
Prepare for the exams
Qualify & Apply for Exam
Clear the CPA Exam
Meet License Requirements
Become a CPA
The Uniform CPA exams comprises of only four parts and a single level exam which can be completed in 12 months. Further, CPA exams are “objective” – format of Multiple Choice Questions & simulations:
FAR – Financial Accounting & Reporting – This section covers knowledge of generally accepted accounting principles for business enterprises, not-for-profit organizations, and governmental entities, and the skills needed to apply that knowledge.
AUD – Auditing & Attestation – This section covers knowledge of auditing procedures, generally accepted auditing standards and other standards related to attest engagements, and the skills needed to apply that knowledge.
REG – Regulation – This section covers knowledge of federal taxation, ethics, professional and legal responsibilities, and business law, and the skills needed to apply that knowledge.
BEC – Business Environment & Concepts – This section covers knowledge of general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of business transactions, and the skills needed to apply that knowledge.