In an effort to come to be a CPA inside the United States, the candidate ought to sit for and pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), that's set from the American Institute of Certified Public Accountants or AICPA and administered from the National Association of State Boards of Accountancy(NASBA). The CPA was established in law on 17th, April 1986.
Eligibility to sit for the Uniform CPA Exam is determined by person State Boards of Accountancy. Commonly the requirement is often a U.S. bachelors degree which contains a minimal amount of qualifying credit hours in accounting and business enterprise administration with an more 1 year study. This requirement for five years study is generally known as the "150 hour rule" and has been adopted from the majority of state boards, while there are actually nevertheless some exceptions (e.g.California). This requirement mandating 150 hours of study has been adopted by 45 states. Operate knowledge underneath the supervision of a practising accountant will not be frequently essential.
The Colorado State Board of Accountancy will allow Chartered Certified Accountants (ACCA), with each other with Chartered Accountants from eligible jurisdictions (Australia, South Africa, Ireland, Canada, and New Zealand) automatic eligibility to sit for the Uniform CPA Exam as a Colorado candidate. As of December 9, 2009, ACCA members will not be automatically eligible to sit for the Uniform CPA Exam.
Specific overseas qualified accountants in search of to come to be U.S. CPAs may perhaps be eligible to sit for the International Qualification Examination as an option for the Uniform CPA Exam.
The Uniform CPA exam tests common principles of state law just like the law of contracts and agency (queries not tailored for the variances of any distinct state) and some federal law at the same time.
