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These interests underscore a premise concerning my professional development in a larger sense, which denotes that it is not simply advancement that will be gained through a continued acquisition of knowledge but that, indeed, such development may be necessary to simply remain competitive and competent in the field.
This is underscored by the premise arguing that "knowledge in many fields is doubling every two to three years, and your personal interests and needs are changing constantly. Being a motivated lifelong learner will allow you to ride the waves of change, remaining able to manage and achieve your evolving career and personal goals." (Carter et al., 3) Drawn from the report entitled...
Indeed, these are features of the accounting profession that are to be distinctly valued. The strength of such associations and the dedication that I show will have the effect of significantly improving standards and practices within the profession as a whole
An increase in the number of businesses, changing financial laws and regulations, and increased scrutiny of company finances will drive growth. In addition to openings resulting from growth, the need to replace accountants and auditors who retire or transfer to other occupations will produce numerous job openings in this large occupation." Following a slew of recent accounting scandals (does Enron ring a bell?), federal legislation was passed to increase penalties,
In addition, there is no requirement, per se, for a master's degree; Within the total hour requirement, 36 semester hours of accounting and/or tax courses above the principles level and 39 semester hours of general business courses, including six semester hours in business law (Uniform CPA Exam). The Uniform CPA Examination consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and
deceitful profession, certified public accountants would most certainly not be the first to come to mind. That is because CPAs are known and respected for their honesty. The profession goes out of its way to project that image, and there is a certain amount of truth to it. However, not all CPAs are squeaky clean and respected for their honesty. Some are quite dishonest and are putting a black
American Institute of Certified Public Accountants (AICPA) pioneered and mulled over a set of standards for auditing professionals. These eventually became recognized as the 10 generally accepted auditing standards. The 10 generally accepted auditing standards fall under three main categories: General standards -- Audits must be executed by a qualified and adept auditor. All matters relating to the project should be addressed with autonomy in mental attitude. Professional care is to be
Another challenge facing the industry today is the important legal issues that surround the Sarbanes-Oxley Act (Koehn & Del Vecchio, 2004). One of these is the fact that the process of due diligence practiced by many companies is now taking much longer (Koehn & Del Vecchio, 2004). There is a higher degree of caution than was previously utilized and because of this many companies are discovering information that would have
This role is in response to clients' demands for a single trustworthy individual or firm to meet all of their financial needs. However, accountants are restricted from providing these services to clients whose financial statements they also prepare." (U.S. Department of Labor, Bureau of Labor Statistics, 2009) 1. Public Accounting The work entitled: "The Reality of the CPA's Role" states that modern CPAs work "behind the scenes as trusted advisors in