Guide to Norfolk Certified Public Accountant

Certified Public Accountant or CPAs is the professional name of accountants in a number of countries in the English-reading world. It’s usually equivalent to the name of chartered accountants in most other English-reading countries as well. In the United States, for example, the CPA is an authorized license to give financial accounting services to the general public. As an employee of a company, CPAs have to obtain CPA exam for his or her professional registration. This exam consists of written and verbal examination, which most applicants take before being employed as accountants. For CPAs, this exam may be taken only once in five years. Do you want to learn more? Visit Norfolk Certified Public Accountant

CPAs are required to pass examinations for Professional Responsibility and Standards, or PRS, that are nationally acknowledged and endorsed by state boards. These standards help companies, organizations, public agencies, and individuals to ensure high quality accounting practices. The PRS program enables certified public accountants to become competent professionals in various fields of the accounting profession, such as management, information systems, auditing, and research.

CPAs are required to devote a year of study in order to earn a CPA degree. After that, CPAs are entitled to take the CPA exam that focuses on one of three areas: taxation, business law, or financial accounting. The exam also tests certified public accountants on the areas of fraud detection and compliance, management accounting, internal control, and non-compliance with laws and regulations. CPAs can choose to specialize in any one of these three areas to further enhance their professional career.