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Certified Public Accountant (CPA - US)

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Introduction

Certified Public Accountant (CPA - US) is a prestigious professional license awarded by the American Institute of Certified Public Accountants (AICPA) and regulated by individual state boards in the US. It signifies in-depth expertise in auditing, taxation, financial reporting, and regulatory compliance, essential for public accounting and leadership roles. Internationally recognized and comparable to the Indian CA, the US CPA credential demonstrates a high level of integrity, professionalism, and knowledge of U.S. GAAP and tax laws. With global recognition across the United States, India, Canada, Singapore, and the Gulf, CPA professionals are in high demand. Our US CPA classes in Mumbai equip you with the skills to work with multinational companies and U.S.-based clients, opening up vast career opportunities in finance and accounting worldwide.

Benefits of CPA (US)

  • Global Recognition: Widely accepted in the U.S., Canada, the Middle East, and other key regions.
  • Career Advancement: Offers higher earning potential and access to leadership roles.
  • Opportunities with Big 4 Firms: Highly valued by Deloitte, PwC, EY, and KPMG.
  • Comprehensive Knowledge: Equips professionals in auditing, taxation, risk management, and corporate finance.
  • Flexible Exam Structure: Exams can be taken in any order, allowing for strategic preparation.

Exam Overview

  • Total Score: 99 per section
  • Minimum Passing Score: 75 per section
  • Scoring Components: Multiple-choice questions, task-based simulations, and written communication
  • Exam Time Limit: Candidates must pass all four sections within 18 months

Eligibility Criteria

The CPA (US) eligibility requirements vary by state, but generally include:

  • A Bachelor’s degree in accounting or a related field.
  • 120 to 150 credit hours of education (varies by state).
  • Some states require work experience under a licensed CPA to obtain the license

How to Register for CPA (US)?

  • Verify eligibility based on the state board requirements.
  • Apply through the National Association of State Boards of Accountancy (NASBA).
  • Pay the exam fees and receive the Notice to Schedule (NTS).
  • Schedule the exam at a Prometric testing center.
  • Appear for the exam and receive scores within a few weeks.

Syllabus

The CPA exam is structured into four sections, each focusing on different aspects of accounting knowledge:

Exam Section Description Duration
1. Auditing and Attestation (AUD) Tests knowledge of auditing procedures, attestation standards, and the ability to evaluate evidence and formulate conclusions. This section covers topics such as audit planning, risk assessment, and audit reporting. 4 hours
2. Financial Accounting and Reporting (FAR) Covers financial accounting and reporting principles, including the preparation of financial statements and understanding of various accounting standards. Candidates must demonstrate an understanding of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). 4 hours
3. Taxation and Regulation (REG) Focuses on tax laws and regulations, including individual and corporate taxation, as well as ethics and professional responsibilities in tax practice. This section also covers business law and federal tax procedures. 4 hours
4. Discipline Sections Candidates choose one:
Business Analysis and Reporting (BAR)
Information Systems and Controls (ISC)
Tax Compliance and Planning (TCP)
 Each discipline tests specific knowledge relevant to that area, such as financial analysis, information systems, or tax planning strategies.		 4 hours