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Following a slew of recent accounting scandals (does Enron ring a bell?), federal legislation was passed to increase penalties, and make company executives individually responsible for falsely reporting financial data (U.S. Department of Labor Bureau of Labor Statistics, 2004). These changes should lead to greater scrutiny of company finances and accounting procedures, and should create more opportunities for accountants and auditors, particularly CPAs, to be more thorough in auditing financial records. (2004). What is a CPA? Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.
References
CPA.net. (2004). Colleges and Universities Offering Accounting Degree Programs. Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.
North Carolina Administrative Code, Title 21 - Occupational Licensing Boards, Chapter 8. Board of Certified Public Accountant Examiners, as amended through January 1, 2005. Retrieved from the Internet at http://www.cpaboard.state.nc.us/subchapter8g.htm.
U.S. Department of Labor Bureau of Labor Statistics. (2004). Accountants and Auditors. Retrieved from the Internet at http://stats.bls.gov/oco/ocos001.htm.
References
CPA.net. (2004). Colleges and Universities Offering Accounting Degree Programs. Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.
CPA.net. (2004). What is a CPA? Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.
North Carolina Administrative Code, Title 21 - Occupational Licensing Boards, Chapter 8. Board of Certified Public Accountant Examiners, as amended through January 1, 2005. Retrieved from the Internet at http://www.cpaboard.state.nc.us/subchapter8g.htm.
U.S. Department of Labor Bureau of Labor Statistics. (2004). Accountants and Auditors. Retrieved from the Internet at http://stats.bls.gov/oco/ocos001.htm.
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
The article also focuses on the differences in decision making of senior accountants based on the type of education they received vs. The amount of practical experience they had. The article focuses on these issues as it pertained to the value of accounting education and experience in the stock market. Overall this resource is well written and seeks to provide a point-of-view from the epicenter of the finance world