Generally, CPAs meet educational eligibility via: A master's degree satisfies these stipulations, but it is not strictly required. states enforce this 150-hour requirement. In addition to the 120 semester hours typically delivered in a baccalaureate degree program, 30 hours of graduate-level instruction are also recommended. In reaction to these changes, the AICPA has adjusted its educational mandate. Rapid advances in technology have also dramatically altered the skill sets in practice management, audit and compliance that CPAs are expected to have. In today's accounting environment, however, the proliferation of new regulation and compliance laws have resulted in a body of knowledge that can't be encapsulated in a 4-year degree program.
In order to sit for this exam, aspiring accountants must demonstrate significant postsecondary education.įor much of the profession's history, a bachelor's degree from an accredited institution was considered adequate preparation for the exam. Who Is Eligible to Take the CPA Exam?Įligibility requirements for the CPA exam refer back to the first two E's: education and experience.
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After CPA credentials have been granted, however, the licenses' professional mobility allows for practice anywhere in the U.S. It's important to note that individual states do maintain some authority over the administration of the exam. The BOE works in conjunction with the National Association of State Boards of Accountancy (NASBA) and Prometric, its chosen test developer and proctor, to consistently deliver the CPA examination across all U.S. Ultimately, this committee is the face of the CPA exam and answers to the public. This committee sets policy for the exam, oversees scoring, monitors exam content for accuracy and relevance and collaborates with individual state boards of accountancy. The senior governing body for the CPA exam is the Board of Examiners (BOE) committee of the American Institute of CPAs (AICPA).
Many tasks CPAs perform, like compliance with federally mandated audit regulations, can only be legally managed by a CPA. The Uniform Certified Public Accountant (CPA) examination is a required element and a key step in an aspiring CPA's journey to professional practice.īecause these requirements are absolute musts, CPA credentials distinguish these professionals from those who simply hold degrees or job titles that reference the accounting industry. The four variables that qualify a licensed public accountant are commonly known as the Four E's: education, experience, examination and ethics.Įach of these four standards is non-negotiable for licensure. Because these professionals are entrusted with great responsibility, the accounting industry has created a professional standard to ensure that only qualified individuals receive licensure. By definition, licensed accountants act in the public interest.
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