Auditing Accounting



Auditing Accounting

Certified Public Accountant

Certified Public Accountant (CPA) is the U.S. occupation titles to U.S. accountants, so the experts of Management Accounting, which have passed the CPA exam. Only those who are in the U.S. states actively licensed, may carry the title, the others are forced to if they want to wear that title, lead to 'CPA-inactive' (http://www.cpa-usanetwork.org).

Development

Due to the particularly since the 1990s progressive internationalization of years accounting with a focus on the accounting rules for U.S. GAAP , the CPA awarded an increasing extent in Germany and other countries outside the United States is sought. She often has a meaning as an additional qualification by European auditors or accountants or run as an independent professional title. In Germany there are about 1,000 certified public accountants (as of 2004). In particular, the EU -wide change in accounting standards for listed companies on the style similar to the U.S. GAAP to IFRS as at 1 January 2005 allows the award winning CPA important (http://www.mindset.com.pk).

Activity

In the U.S., public accountants only as "certified public accountant" (CPA) and sometimes as "public accountant" (PA). Each state, DC and territories (Puerto Rico, U.S. Virgin Islands, Guam, Northern Mariana Islands) has its own accountant and legal counsel that the action of CPA and PA regulate. In addition, there at the federal level the American Institute of Certified Public Accountants (AICPA), the umbrella professional organization of CPAs and PAs. A CPA may only public profession in the state or territory where the license is valid.

Under current arrangements may provide for CPAs in Germany legally required annual audits no audit opinions. Their function is, in particular, in the preparation and review of international financial statements and assists in reconciling European and Anglo-Saxon financial circles. Example, you can check independently on behalf of American accountants U.S. GAAP financial statements ...