Cpa Research Paper

CPAs are required to obtain a bachelor's degree in business administration, finance or accounting. CPAs are also required to complete 150 hours of education and have no less than two years public accounting experience. CPAs must pass a certification exam, and certification requirements vary by state. Additionally, CPAs must complete a specific number of continuing hours of education yearly.

CPAs work at accounting companies, private companies, non-profits and government agencies or as consultants. CPAs ensure monetary responsibility and perform tax preparation, strategic tax planning, risk management and investment consulting.

Due to changing laws and regulations and an increase in the complexity of accounting the demand for CPAs continues to increase. CPAs have a wide range of career options in public accounting or corporate accounting. CPAs can move into executive positions such as controllers, chief financial officers and chief executive officers. CPAs are known for their role
While consulting at Enron, Arthur Anderson CPAs did not maintain independence and performed both consulting services and auditing services, which are a violation of the CPA code of ethics.

<>History<>
In 1887, thirty-one accountants created the American Association of Public Accountants (AICPA) to establish moral standards for the accounting industry and U.S. auditing standards for local, state and federal governments, private companies and nonprofits. In addition, the AICPA gives CPA certification exams. The first CPAs were licensed in 1896.

In 1934, the Securities and Exchange Commission (SEC) required all publicly traded companies to file periodic financial reports to be endorsed by members of the accounting industry. The AICPA established accounting standards until 1973, when the Financial Accounting Standards Board (FASB) was launched to set standards for private