2.1 LICENSING AND DISCIPLINARY SYSTEMS

Question 1

WHAT ARE THE ORGANIZATIONS GOVERNING CPA’S?

Answer 1

STATE BOARD RESPONSIBILITIES, “PRIMARY ROLE IS TO PROTECT THE PUBLIC INTEREST”
1. GRANTING LICENSES
2. ENFORCE CPE
3. PEER REVIEWS
4. DISCIPLINARY ACTIONS
5. ADVISORY ROLE “HOW THE PROFESSION EVOLVES”
6. RECIPROCITY “CPA MOVING TO A DIFFERENT STATE”

Question 2

WHAT ARE THE STEPS TO BECOMING A CPA?

Answer 2

1) OBTAIN THE REQUIRED EDUCATION “AICPA RECOMMENDS 150 HOURS”

2) PASS THE CPA EXAM

3) OBTAIN THE NECESSARY WORK EXPERIENCE

4) OBTAIN A LICENSE TO PRACTICE FROM THE STATE BOARD OF ACCOUNTANCY INCLUDING PASSING A BACKGROUND CHECK AND PAYING A LICENSE FEE

5) CONTINUING EDUCATION AND ANNUAL LICENSE FEE’S