The certified public accountant is globally acknowledged and appreciated designation and is your key to a successful career .Growth in the field of business or finance at a rapid pace definitely requires professional accounting credential which will help opening doors and enhance your possibilities
CPA is the highest professional accounting qualification in the U.S.A. and is recognized internationally, including India. The CPA qualification in the US is similar to the CA Qualification In India. The American Institute of Certified Public Accountants (AICPA) conducts Uniform CPA exams
CPA Professionals have thorough and complete knowledge of Accounting principles of the U.S (US- GAAP). The services of US CPA are utilized in all areas of the business world.
The Various Roles of CPA Professionals are as follows
A number of multinational companies are heading to India for its growing workforce, seeking people in the accounting domain with knowledge of U.S. GAAP (Generally Accepted Accounting Principles) and GAAS (Generally Accepted Auditing Standards). Indian corporates, due to listing requirements of U.S. Stock Exchanges, are increasingly requiring specialists with knowledge of the U.S CPAs.
CPA has become aa lucrative career option with the emergence of Information Technology (IT) and Business Process Outsourcing (BPO) hub in India.. Most of the Indian BPOs carry out accounting, taxation and other back office activities for US companies in India, the CPA designation could be a way to a rewarding career in public accounting.
With the advent of global reporting CPA has become one of the most sought after professional degree. One can find a Certified Public Accountant working for BIG4’s globally. BIG4’s are the four largest professional accounting firms, which offer accounting, auditing, assurance, taxation, consulting, risk assessment and control, legal services etc. to diverse clients worldwide. These firms are Deloitte, KPMG, PriceWaterhouse Coopers (PWC) and Ernst and Young (E&Y). These firms offer services that are in much demand and therefore they recruit CPAs extensively. CPAs provide many of these services with ease and are well-versed with the both IFRS and US GAAP reporting.
CPAs can handle anything from financial and international accounting to corporate governance. They can be employed and utilized in many profiles in a financial services firm. Many listed US entities also provide taxation services, these services are for corporations, partnerships and even individuals. CPAs are hired generally for providing strategic tax advisory to corporations and high net worth individuals. Some BIG4’s in India too are doing similar kind of work, which is outsourced by the United States.
|Credentials issued by||IMA (Institute of Management Accountants), US||The Institute of Chartered Accountants of India|
|Course Duration||12 months||4-5 years|
|Exam Papers||4 Papers||12 papers|
|Academics||B.Com + M.Com/MBA finance||After +2|
|Recognition||Globally||Selected Countries only|