CPA is referred to as the CA of the United States of America. A CPA’s education takes less time than a CA’s. To become a CA, one must devote a sufficient amount of time—5–6 years—to education, including three years for an article ship to gain practical expertise. Four tests that take between 1.5 and 2 years each must be taken in order to become a CPA.
CPA is a globally accepted course that gives an edge to CPA-certified pupils to work in the territory that comes under US jurisdiction, notably in Hawaii, Puerto Rico, the Northern Mariana Islands, Guam, and the Virgin Islands.
CPA is governed by the American Institute of Certified Public Accountants (AICPA). The job of a certified candidate entails roles like financial advisor, internal & external auditing, tax compliance, corporate controller, and Risk & Compliance Professional.
In the field of accounts and finance a CPA-Certified Public Accountant is considered to be a gold standard. One can secure a job in big companies such as Escalon, EXL, Google, HDFC Bank, Deloitte, and many more.
Students have questions regarding becoming a CPA, how to become certified as a CPA, if they ought to pursue a career as a CPA after becoming a CA, what exemptions a CA receives when sitting the CPA examination, and more. The most frequent questions posed by CPA applicants will all have in-depth responses in the following article.
CONTENTS:
- Steps for becoming a US CPA
- CPA after CA benefits
STEPS FOR BECOMING US CPA
- Eligibility: Get your documents verified by the VGLD Team.
- Evaluation: Send documents to the evaluation agency for foreign credential evaluation.
- Exam Preparation: Prepare for examinations by attempting mock tests.
- License: Appear for the Ethics exam, and file your document with the state board.
5 BENEFITS OF PURSUING CPA AFTER CA
- Benefit of employment:
- We are well aware of the endless opportunities bestowed after the completion of a CA. Since the curriculum of a CPA includes topics like law, taxation, analytics auditing, regulatory frameworks, evaluation and procedures, ethics, planning, and management of finances, therefore, along with a CPA license one gets the international opportunity because of the knowledge of IFRS and US GAAP. MNCs and even Indian businesses are on the lookout for qualified candidates.
- Time-efficient: After CA, completing CPA will take less time than usual. If a candidate has passed the CA exam, it is assumed that they are familiar with the CA syllabus and will find it easy to understand the CPA course.
- Increment in Salary: Any MNC in the areas of Forensic Accounting, Tax, International Accounting, Assurance Services, Internal and External Auditing, and many more can be entered through the completion of a CPA. Statistics show that a candidate with dual certification earns more money than those who have simply completed CA.
- Global chances: Since CPA is offered by the AICPA and recognized by all nations under US jurisdiction, or in other words, it is a globally recognized credential, CPA candidates have a leg up on CA in terms of having access to more exposure and opportunities to work abroad. Instead of limiting your knowledge to just one country, this will improve your awareness of international accounting practices.
- CPA License: After passing the CPA exam, you must sit for the Ethics Exam to receive your license in accounting. You will be able to sign tax returns, audit reports, and other documents with the use of this license, as well as join or operate an accounting business.
Conclusion:
The CPA is regarded as the US’s equivalent of the CA. A US CPA is an option open to everyone who is a CA. Following a CA with a US CPA offers a variety of benefits, including work advantages, reduced time dedication, compensation increases, global opportunities, and obtaining a CPA license.
