Multiple Select QuestionSelect all that applyA CPA must ______. (Select all that apply)Multiple select question.be a public accountant or an internal auditorpass a test every yearpass a series of examsmeet a state's requirements for education and experience
Question
Multiple Select QuestionSelect all that applyA CPA must ______. (Select all that apply)Multiple select question.be a public accountant or an internal auditorpass a test every yearpass a series of examsmeet a state's requirements for education and experience
Solution
A Certified Public Accountant (CPA) must:
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Be a public accountant or an internal auditor: This is not necessarily true. A CPA can work in various roles such as tax consultant, financial advisor, or even in corporate roles. They are not restricted to being a public accountant or an internal auditor.
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Pass a test every year: This is incorrect. Once a person has passed the CPA exam and met other state requirements, they do not need to take the test every year. However, they do need to meet continuing education requirements to maintain their license.
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Pass a series of exams: This is correct. To become a CPA, one must pass a series of four exams within an 18-month period. These exams are: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).
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Meet a state's requirements for
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