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Simple English definitions for legal terms

certified public accountant (CPA)

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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.

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18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
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