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Simple English definitions for legal terms
CPA
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A quick definition of CPA:
CPA stands for certified public accountant, which is a type of accountant who has passed a special exam and met certain requirements. They help people and businesses with their finances, taxes, and other money-related things. CPA can also stand for different types of patent applications, which are requests for exclusive rights to an invention. These applications have different names and rules, like a provisional application that can be filed before the actual patent application.A more thorough explanation:
Definition: CPA stands for certified public accountant, which is a professional designation given to accountants who have passed a rigorous exam and met other requirements set by their state's board of accountancy. CPAs are authorized to provide a wide range of accounting services to individuals, businesses, and organizations.
- A CPA can help a small business owner prepare their tax returns and financial statements.
- A nonprofit organization may hire a CPA to conduct an audit of their financial records.
These examples illustrate how a CPA can provide accounting services to different types of clients, from individuals to organizations, and help them with various financial tasks.