What is Certified Public Accountant (CPA) – US CPA from India
Certified Public Accountant (CPA) is qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA.
Individuals who have passed the Exam but have not either accomplished the required on-the-job experience or have previously met it but in the meantime have lapsed their continuing professional education are, in many states, permitted the designation “CPA Inactive” or an equivalent phrase.[1] In most U.S. states, only CPAs who are licensed are able to provide to the public attestation (including auditing) opinions on financial statements.
The exceptions to this rule are Arizona, Kansas, North Carolina and Ohio where, although the “CPA” designation is restricted, the practice of auditing is not.
Many states have a lower tier of accountant qualification (below that of CPA), usually entitled “Public Accountant” (with designator letters “PA”). However the majority of states have closed the designation “Public Accountant” to new entrants, with only about 10 states continuing to offer the designation. Many PAs belong to the National Society of (Public) Accountants.
Many states prohibit the use of the designations “Certified Public Accountant” or “Public Accountant” (or the abbreviations “CPA” or “PA”) by a person who is not certified as a CPA or PA in that state.[2] As a result, in many circumstances, an out-of-state CPA is restricted from using the CPA designation or designator letters until a license or certificate from that state is obtained.
The approximate equivalent in many other countries (particularly the United Kingdom and current or former members of the British Commonwealth) is the chartered accountants.
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