Virginia Beach Accounting Firm- Insights

A Certified Public Accountant is the title given to all qualified accountants in America who have passed an exam known only as, the “Uniform Certified Public Accountant Examination.” They must also meet additional education from the state and experience requirements for certification as a CPA. Those who have passed the Uniform Certified Public Accountant Examination but may have not completed the required on-the-job experience or have met it previously but in the meantime have lapsed any continuing education of the professional nature are, in many states, allowed the designation “CPA Inactive” or an equivalent phrase.For more information, visit their website at Virginia Beach Accounting Firm

In most American states, only CPAs who get licensed are legally able to provide opinions on financial statements to the public attestation (including auditing). Some exceptions to this rule are Arizona, North Carolina, Kansas, and Ohio where the practice of auditing is not restricted, although the “CPA” designation is restricted.

Below the tier of CPA, some states in the U.S. have a lower tier of accountant qualification, often entitled “Public Accountant”-designated with the letters “PA”. However with only 10 states continuing to offer the designation of PA, the majority of states have closed the designation “Public Accountant” to new entrants. Most Public Accountants belong to an association known as the National Society of Public Accountants.

Some U.S. states may prohibit the use of particular designations such as “Public Accountant” or “Certified Public Accountant,” or even the abbreviations “CPA” or “PA”, by a person who isn’t certified as either a CPA or PA in that specific U.S. state. Because of that, in many circumstances, CPA’s from out of state are in fact restricted from using the “CPA” designation or letters unless a certificate or license from that state is obtained.

The state of Texas prohibits in addition, the use of the designations “auditor” and “accountant” by any person(s) who are not certified as a CPA in the state of TX, unless that individual is a CPA in a different state, a resident not of Texas, and meets requirements for practice in the state of TX by out-of-state CPA practitioners and terms.