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About CPA

A CPA license is the accounting profession’s highest standard of competence, a symbol of achievement and assurance of quality. Whether you are licensed or soon-to-be licensed, NASBA provides information and resources you need to earn and maintain the respected CPA credential.

A CPA is a certified public accountant who is licensed by a state board of accountancy. To earn the prestige associated with the CPA license, you are required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice.

Why Logic CPA?

LOGIC in association with WILEY INTERNATIONAL will help you in

  • Eligibility evaluation by Leslie Anne Rogers
  • Provide internationally acclaimed CPA materials of Wiley International
  • Provide intensive coaching for all 4 parts and
  • Provide necessary administrative guidelines required to pass the CPA exam.

What is NASBA?

NASBA (National Association of State Boards of Accountancy) represents the 50 State Board of Accountancy and 4 districts which determines the Exam eligibility of the candidates. Different states of the US have different sets of eligibility criteria and a CPA aspirant needs to be evaluated as eligible for a given state before writing for the exams from that state. The relevant State Board of Accountancy declares the Exam score. After passing the exam one needs to apply for the license from the respective State Board of Accountancy in case he wants to practise as a Chartered Accountant in the United States and some more first world countries

CPA exam is conducted by the American Institute of Certified Public Accountants (AICPA).CPA US is considered as the most valued Chartered Accounting qualification of the world.

Be a Certified Public Accountant US in 1 year

Get 360 degree guidance from LOGIC – WILEY

  • AICPA Authorized Wiley CPA excel study material
  • Unlimited Live Online Interactive lectures after working hours
  • Recordings sent the next day morning
  • Access to a Team of International CPA Mentors
  • One to one faculty interaction
  • Mocks, Question bank, Flash Cards, Exam Planner
  • Complimentary E-Books for all 4 parts
  • Admin Support for writing exams

*FREE SUPPORT FOR ELIGIBILITY EVALUATION

CPA Exam Structure

Eligibility Check

You need to send all your educational documents to Logic for the basic evaluation of your CPA eligibility by our American counterparts.

January & February : Testing Window

March : Dead Month

April & May : Testing Window

June : Dead Month

July & August : Testing Window

September : Dead Month

October & November : Test Window

December : Dead Month

Candidates are allowed to take all four sections of the exam during any testing window and in any order they choose. However, you may not take the same section more than once during any single testing window.

Exam Papers, Syllabus, Exam tenures and Exam structure :

1. FAR (4 hour exam) 60% MCQ, 40% Simulations

  • Financial Accounting & Reporting
  • US GAAP & IFRS

2. AUD (4 hour exam) 60% MCQ, 40% Simulations

  • Auditing & Attestation
  • Auditing standards & procedures

3. REG (3 hour exam) 60% MCQ, 40% Simulations

  • Regulation
  • US federal taxation & business law

4. BEC (3 hours exam) 85% MCQ, 15% Written Communication Tasks

  • Business Environment & Concepts
  • Understanding business transactions

*Apart from the US, CPA exam is nowadays also conducted in countries like UAE, Bahrain, Kuwait and Lebanon. This has reduced the total cost of doing CPA by a significant amount for the Asian students.

A. Fees payable to Logic : 99,000 INR or 1500 USD (inclusive taxes)

Logic fee includes:

1. Wiley CPA Excel as study material

2. Intensive coaching by logic’s core team of faculties for all 4 papers till you pass.

3. Basic eligibility evaluation by Wiley

4. All admin supports related to state board selection, exam centre selection, payment of Other Fees.

B. Other Fees : (Payable when you are almost ready for Exam)

1. Foreign Credential Evaluation Fee USD 250(depends on evaluator)

2. Exam Fees : The fee for the Uniform CPA Exam could be different in different state. Many states use the fee schedule set by the NASBA (National Association of State Board of Accountancy) :

  • AUD : $192.03
  • BEC : $172.51
  • FAR : $192.03
  • REG : $172.51
  • Total : $729.08

3. Additional fees for candidates writing CPA exams from international Locations (outside the US) :

Regardless of which Board of Accountancy has declared you eligible for the Exam, in addition to paying any domestic testing fees, you must pay additional fees for each Exam section you plan to take internationally.

Those fees per Exam section are :

Auditing and Attestation (AUD) $307.97

Business Environment and Concepts (BEC) $327.49

Financial Accounting and Reporting (FAR) $307.97

Regulation (REG) $327.49

4. Application Fee

First-time candidates are required to pay the initial application fee, which is around $30-$200 (varies from state to state).

For return candidates, a repeat application fee is required for certain but not all states and this fee is generally lower than the initial application fee.

LOGIC OFFERINGS:

  • Wiley CPAexcel Learning System and E-books
  • Live Online Interactive Classes 4/5 days a week available from home computer at evening.
  • Unlimited accesses to live online classes till you pass all 4 papers.
  • Eligibility Evaluation Support
  • Recording of each live class sent on the next morning
  • All admin supports on exam center selection, paying fees to AICPA etc.

Does the AICPA license CPAs?

No. The licensing authority and requirements for CPAs falls under the jurisdiction of the Board of Accountancy for the state, district, or country in which a CPA practices. In adherence to the AICPA mission, the Institute seeks the highest possible level of uniform certification and licensing standards while promoting and protecting the CPA designation. The national organization representing the state boards is the National Association of State Boards of Accountancy (NASBA).

What are the requirements for becoming a CPA?

The requirements, which are set by each state board of accountancy, include: completing a program of study in accounting at a college or university, passing the Uniform CPA Exam, and obtaining a specific amount of professional work experience in public accounting (the required amount and type of experience varies according to licensing jurisdiction). You can learn more about your state requirements and find your state board's contact information on the AICPA's website for college students and CPA candidates in the state requirements section.

What is the Uniform CPA Exam?

One of the world’s leading licensing examinations, the CPA Examination serves to protect the public interest by helping to ensure that only qualified individuals become licensed as Certified Public Accountants (CPAs). The Uniform CPA Exam is one of the “Three E’s” – Education, Examination, and Experience – that are required for licensure as a CPA. Consequently, passing the Examination is not, in itself, sufficient to meet requirements for licensure. Information about the CPA exam may be found at www.cpa-exam.org.

What kinds of services do CPAs provide?

CPAs provide a wide range of services and are employed in public accounting and other professional services firms, business and industry, government and education. CPAs in public practice are engaged by their clients for a variety of services including accounting, auditing, tax, personal financial planning, technology consulting and business valuation. CPAs employed in business, industry and government are likewise responsible for activities from accounting and financial reporting, implementing and managing internal controls and information systems, to compliance with tax and other laws and regulations and other areas of business and financial management.

How much does a CPA charge for his or her services?

Fees or services vary depending upon considerations such as: the nature of the service performed, time involved and complexity of the service. A person seeking services should have an understanding of the cost of the services to be provided prior to the engagement.

Who disciplines CPAs when something goes wrong? Can the AICPA revoke the license of a CPA?

Upon joining the AICPA, a member agrees to abide by its Code of Professional Conduct and Bylaws adopted by a vote of the membership. The bylaws provide a structure for enforcement of the Code by the Institute's Professional Ethics Division. When allegations come to the attention of the Ethics Division regarding a violation of the Code, the division investigates the matter, under due process procedures, and depending upon the facts found in the investigation, may take a confidential disciplinary action, settle the matter with suspension or revocation of membership rights, or refer the matter to a panel of the Trial Board Division for a hearing. The bylaws mandate publishing the member's name if he or she is found guilty by a hearing panel, is suspended or expelled by settlement.

The bylaws of 51 state and/or territorial CPA societies provide for their participation in a Joint Ethics Enforcement Program so that, depending upon membership status, actions taken by one or more of these societies or the AICPA are in the names of both the society and AICPA.

State regulatory agencies (Boards of Accountancy) issue practice licenses to CPAs and only those agencies may act to affect those licenses. The AICPA does not license CPAs. Those state regulatory agencies may take disciplinary action affecting practice licenses under statutes, regulations and rulings of the state. Also, the Securities and Exchange Commission (SEC) and other Federal government agencies may, under Federal law or regulation, discipline CPAs who practice before these agencies.

Aren’t CPAs and accountants the same thing?

All CPAs are accountants but not all accountants are CPAs. In many states, anyone can call himself/herself an “accountant.” In order to become a CPA almost all states require that an individual meet educational, experience and ethical requirements and pass the Uniform CPA Examination. Only then are individuals granted licenses to practice by state boards of accountancy. Also, only CPAs can perform the mandatory audits of all publicly traded U.S. companies. Learn more about the CPA Profession at the AICPA's website for college students and CPA exam candidates (www.thiswaytocpa.com).

GLOBAL LIVE INTERACTIVE ONLINE CLASSES BY LOGIC

  • Students from any part of the world can attend live lectures provided by renowned faculties.
  • The lectures are fully interactive and dynamic.
  • Soft copies of CPA course material are mailed to students.
  • Students receive recording versions of each online live class after the class is over for their ease of revision.
  • Online Mock Tests after every chapter and at the end of each part are conducted.
  • Classes are scheduled keeping in mind the convenience of the majority of students, generally, 10 pm to 11 pm IST.
  • Attending classes from the comfort of home makes your learning process easy and hassle-free.
  • Online students receive equal admin supports from Logic as their classroom counter-parts.
  • A Global Class provides you an exposure to the Finance Fraternity of the world and boosts your career profile manifold.

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