Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

certified public accountant (CPA)

Read a random definition: warehouseman

A quick definition of certified public accountant (CPA):

A certified public accountant (CPA) is a professional accountant who has met all the requirements to earn a CPA license from the State’s Board of Accountancy (SBA). CPAs can do more than regular accountants, like auditing, tax consulting services, and financial planning. To become a CPA, you need a bachelor’s degree in business administration, finance, or accounting, 150 hours of education in college-level accounting courses, at least two years of public accounting experience, and to pass the Uniform CPA Exam. To keep the CPA license, CPAs must complete 40 hours of continuing professional education each year.

A more thorough explanation:

A Certified Public Accountant (CPA) is a professional accountant who has met all the requirements to obtain a CPA license from the State's Board of Accountancy (SBA).

The main difference between an accountant and a CPA is that CPAs are authorized to perform additional services, such as auditing, tax consulting, and financial planning, among others.

To become a CPA, one must meet the following general requirements:

  • Hold a Bachelor's degree in business administration, finance, or accounting.
  • Complete 150 hours of education in college-level accounting courses.
  • Have at least two years of public accounting experience. Some states require one year of work experience under the supervision of a licensed CPA.
  • Pass the Uniform CPA Exam. Additionally, some States may require passing an ethics exam or ethics course.

Furthermore, to maintain the CPA license, CPAs must complete 40 hours of continuing professional education each year. The number of hours required to maintain the CPA license varies from State to State, depending on SBA requirements.

For example, a CPA may be hired by a company to perform an audit of their financial statements to ensure they are accurate and comply with accounting standards.

Another example is a CPA who provides tax consulting services to individuals or businesses to help them minimize their tax liability and comply with tax laws.

These examples illustrate how CPAs are authorized to perform additional services beyond traditional accounting tasks, making them valuable assets to businesses and individuals seeking financial expertise.

certified copy | certiorari

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
shaquilleoatmeal
11:43
legal said it, i didnt lmao
Trismegistus
11:43
@lilypadfrog: the anxiety of not having a single decision is really getting to me
Trismegistus
11:43
im starting to tweak
Trismegistus
11:44
i can't bully shaq, fellow boston resident
TreponemaPallidum
11:44
Penne Penne Penn?
11:44
omg penn
shaquilleoatmeal
11:44
@Trismegistus: real one
Trismegistus
11:44
thats only one person tho
11:45
MASSIVE penn wave
Trismegistus
11:45
does penn call or portal?
lilypadfrog
11:46
@Trismegistus: twin when did you apply? I applied in mid nov
cumsock
11:47
35% spike in applicants this cycle what the fuckkkkk
11:47
i applied 5 days ago, should i be worried i missed this wave
Trismegistus
11:47
all my apps are oct- to mid nov, except nyu which was dec
Trismegistus
11:47
penn was oct
PuppyBot
11:47
why does everyone want to be a lawyer
PuppyBot
11:47
jacking my style all of a sudden
cumsock
11:49
"But I also want to end on this note. Don't be afraid of being wrong. And what I mean by that is, being wrong about a school. I applied to Princeton coming out of high school and didn't get in. I ended up going to Vanderbilt. I could never see myself having gone anywhere but Vanderbilt." -Spivey
cumsock
11:49
this type of advice makes me so pissed like brotha
Trismegistus
11:50
why
11:51
omg another penn
11:51
its happening
@shaquilleoatmeal: I am now 31 and in group chats with people in their 50s and in their early 20s, as long as it isn't something weird being in the meme chat is chill
Trismegistus
11:51
are people fucking with me or what
siroracle
11:51
The crux of the advice is apply to worse schools and take what ya get
Trismegistus
11:52
does penn call or update to portal/ email?
cumsock
11:52
@Trismegistus: cus how does not getting into the best school in the country and "settling" for one of the most prestigious schools in vandy help anyone realistically
@Trismegistus: ^^^^
11:52
p sure they call
cumsock
11:52
ig it only helps people who are ab to jump off a bridge if they dont get into YLS
LSD+ is ad-free, with DMs, discounts, case briefs & more.