chap 1 LO8

Question 1

Becoming a CPA is regulated by what?

Answer 1

state law through the licensing boards of each state

Question 2

what are exam requirements of cpa?

Answer 2

• computer based exam 1. Auditing and attestation (AUD) 2. fiancial accounting and reporting (FAR) 3. Regulation (REG) 4. BEC business environment and concepts some states require separate ethics exam

Question 3

Three general requirements must be met for cpa?

Answer 3

. 1Education 2. Uniform CPA examination 3. Experience

Question 4

what is the educational requirement for CPA

Answer 4

undergraduate or graduate degree with major in accounting including min number of accounting credits - most states require 150 hrs (225 quarter credits) - some state require fewer credits before exam but require 150 before getting certificate

Question 5

what is experience requirement for CPA?

Answer 5

waries widely from none to 2 yeras - some states include working for gov units or in industry , including internal auditing