#CPA Including CPE For Accounting

[nimbusconsultancy]

Getting an Audit Licence in the UAE: Requirements and Business Setup

The UAE continues to establish itself as a regional and global business hub. With the introduction of corporate tax and increasing regulatory compliance standards, the demand for qualified, licensed auditors has surged. 

Whether you're a UAE national or a foreign professional, becoming a licensed auditor in the UAE opens the door to lucrative career and business opportunities. 

In this post, we’ll take you through everything you need to know about obtaining an audit licence in the UAE and going for your own company formation in the UAE, from meeting educational requirements to setting up a compliant, fully licensed practice. 

Overview of Audit Licencing in the UAE 

- Introduction 

Audit licences in the UAE are issued and regulated by the Ministry of Economy (MoE), ensuring that only qualified professionals can offer auditing services. To practice as an auditor or open an audit firm, individuals must meet specific education, experience, and examination standards. 

Both local and international applicants can apply, provided they comply with UAE’s regulatory and ethical auditing frameworks. 

- Education, Experience & Certification Requirements 

To apply for an audit licence in the UAE, candidates must meet the following criteria: 

1. Educational Qualifications: 

A bachelor’s degree in accounting, finance, or a related discipline from a recognised institution is required. 

Non-accounting graduates must complete at least 15 credit hours in accounting from accredited programs. 

A master’s degree in accounting or finance is advantageous but not mandatory. 

2. Professional Experience: 

A minimum of five years of post-degree experience in auditing is required. 

For expatriates, UAE-specific experience requirements depend on total international experience: 

10+ years abroad = 1 year of UAE experience 

5–10 years abroad = 2 years of UAE experience 

2–5 years abroad = 3 years of UAE experience 

3. Recognised Professional Certifications: 

Credentials such as ACCA (UK), ICAEW, CPA (USA, Canada, Australia), and SOCPA (Saudi Arabia) may grant exemptions from certain exams (e.g., IFRS and ISA). 

All candidates, regardless of certification, must pass the UAE Laws & Taxation exam. 

- The UAE Fellowship Programme & Exam Details 

Before applying for an audit licence, professionals must obtain a UAE Fellowship Certificate, administered by the Emirates Association of Accountants & Auditors (EAAA) in collaboration with the MoE and ACCA. 

1. Steps to Obtain the Fellowship Certificate: 

a) Register with EAAA  Create a membership account with the Emirates Association of Accountants & Auditors. 

b)Verify Education and Experience  Submit relevant documents showing compliance with education and work history requirements. 

c) Pass the Required Exams 

International Financial Reporting Standards (IFRS) 

International Standards on Auditing (ISA) 

UAE Laws & Taxation 

Note: Exemptions may apply for IFRS and ISA if you hold qualifying certifications. 

d) Complete Continuing Professional Education (CPE)  At least 30 hours annually, with 12 hours in core subjects like accounting, auditing, and UAE tax law. 

e) Apply for Fellowship Certificate  Once all criteria are met, submit your application to receive your official certificate. 

2. Exam Format: 

Each exam includes 70 multiple-choice questions. 

A passing score is 60%. 

Exams are conducted online by the ACCA and proctored at British Council centres across the UAE. 

All exams must be completed within two years of passing the first. 

- Applying for Your Individual Audit Licence 

Once you’ve secured the UAE Fellowship Certificate, you can apply for an individual audit licence with the Ministry of Economy. 

#Requirements: 

Professional Indemnity Insurance: AED 500,000 minimum coverage. 

Application Fee: AED 100 

Three-Year Licence Fee: AED 4,500 

Submit your documents, pay the fees, and upon approval, you’ll receive your licence to practice auditing professionally in the UAE. 

- Starting Your Own Audit Firm in the UAE 

If you’re looking to create an independent practice through business setup in the UAE, here’s how to start an audit firm in the UAE. 

#Step-by-Step Setup Process: 

Select a Business Name  Ensure it aligns with UAE naming conventions and is available for registration. 

Form a Partnership  Your firm must include at least two partners, one of whom must be a UAE national with a 25% stake. All partners must have five years of audit experience. 

Verify Partner Licences  Each partner must hold a valid MoE-issued individual auditor licence. 

Establish a Risk Management Framework  Demonstrate that your firm operates within accepted regulatory and ethical standards. 

Provide International Experience (if applicable)  Foreign firms must show a minimum of five years of licenced practice in their country of origin. 

Secure an Office Location  Set up a compliant and functional office space. 

Open a Corporate Bank Account  Choose a UAE-based bank for business transactions and operations. 

Obtain Insurance  Professional indemnity insurance of at least AED 1,000,000 is required. 

Register with the MoE  Submit all business and personal documents and pay: 

Application Fee: AED 100 

Three-Year Firm Licence Fee: AED 10,500 

- Renewing Your Audit Licence 

1) Renewal Schedule: 

Audit licences must be renewed every three years. This involves a review of compliance, updated documentation, and proof of CPD (Continuing Professional Development) hours. 

2) CPD Requirements: 

Minimum of 30 CPD hours annually 

Audit firms must maintain records of each auditor’s CPD compliance. 

3) Compliance and Ethics: 

Auditors must adhere to ethical principles like integrity, objectivity, and independence. Violations can result in: 

Monetary fines 

Licence suspension or revocation 

Legal action or imprisonment 

- UAE Corporate Tax: Audit Obligations 

Since June 1, 2023, the UAE has implemented a corporate tax regime, requiring businesses with annual revenues over AED 50 million to submit audited financial statements by MoE-licensed auditors. 

Additionally, Qualifying Free Zone Entities must provide audited financials to retain eligibility for the 0% tax rate. More information can be found at the Federal Tax Authority (FTA) website. 

Building a Career in Auditing 

Obtaining an audit licence in the UAE is more than a legal formality; it’s a professional milestone. Whether you aim to practice individually or establish a firm, your journey involves rigorous qualifications, ethical practice, and commitment to continued learning. 

At Nimbus Consultancy, we specialise in helping professionals and businesses navigate UAE licensing requirements and ongoing compliance. From company formation in the UAE to visa processing and PRO services, we’re here to simplify your journey. 

[cpeinc]

The Crucial Role of Ethics in a CPA’s Professional Development and Career

In the world of finance and accounting, where precision, trust, and transparency are paramount, ethics forms the cornerstone of a CPA's professional life. Certified Public Accountants bear a unique responsibility to uphold the integrity of financial systems and instill confidence in the stakeholders they serve.

This article delves into why ethics is such an essential part of a CPA's professional development and career, examining its role in fostering trust, ensuring compliance, and enabling sustainable growth in the financial industry.

Building and Sustaining Trust

Trust is the foundation upon which all client-CPA relationships are built. Clients, businesses, and the public rely on CPAs to provide accurate, unbiased financial information. Ethical behavior ensures that CPAs maintain this trust by:

Ensuring Accuracy: Ethical CPAs prioritize transparency and avoid misrepresenting financial data, safeguarding stakeholders from potential financial mismanagement.

Protecting Confidentiality: Adhering to ethical standards ensures that sensitive client information remains secure, reinforcing trust in professional relationships.

Compliance with Laws and Regulations

Ethics and compliance are inextricably linked. CPAs are bound by a code of conduct and must adhere to stringent regulatory frameworks, such as those outlined by the American Institute of CPAs (AICPA), the Sarbanes-Oxley Act, and other federal and state laws. Key ethical obligations include:

Independence: CPAs must remain impartial, avoiding conflicts of interest that could compromise their objectivity.

Integrity: Upholding honesty and fairness, even in the face of pressure or incentives to act otherwise.

Failing to meet these standards can result in severe penalties, including the loss of licensure, legal repercussions, and reputational damage.

Mitigating Risks in Financial Reporting

In an era of increasing scrutiny on financial practices, ethical lapses can lead to scandals that erode public confidence. By adhering to high ethical standards, CPAs mitigate risks associated with:

Fraud Detection and Prevention: Ethical CPAs proactively identify and address irregularities, ensuring that financial statements reflect an accurate and truthful account of a business's financial health.

Audit Integrity: Upholding ethical standards during audits ensures that any discrepancies or risks are reported transparently, protecting stakeholders from financial harm.

Navigating Complex Financial Decisions

The evolving financial landscape presents CPAs with increasingly complex scenarios requiring sound judgment. Ethical training equips CPAs with the tools to navigate these challenges, ensuring decisions are made in alignment with professional standards and societal expectations.

Balancing Stakeholder Interests: Ethical CPAs prioritize fairness and transparency when handling competing stakeholder demands.

Decision-Making Frameworks: Ethics provide a clear framework for addressing dilemmas, minimizing the risk of reputational or financial damage.

Ethics as a Pillar of Professional Excellence

For CPAs, ethics is not merely an abstract concept but a daily practice that underpins their professional identity. It is the guiding force that ensures they deliver value to clients, uphold the integrity of financial systems, and contribute to the public good. By committing to ethical principles, CPAs not only protect their careers but also play a vital role in maintaining trust and transparency in the global financial ecosystem.

Investing in ethics training, such as Ethics CPE courses, like the ones available at CPE Inc., is an essential step for any CPA seeking to elevate their career and uphold the highest standards of the profession.

For more information about CPE Courses and Best CPE For Cpas please visit:- CPE Inc.

[georgegillmore]

Certified Public Accountant - Purpose, Roles, and Path to Licensure

A license to practice as a Certified Public Accountant (CPA) is conferred upon individuals who meet stringent educational, experiential, and examination criteria in the accounting field. Licensure, administered by states and overseen by the National Association of State Boards of Accountancy (NASBA), signifies an accountant’s adherence to established standards in the profession. The primary purpose of the CPA license is to ensure that individuals providing accounting services possess the requisite knowledge and ethical commitment to safeguard the public interest.

CPAs fulfill a variety of crucial roles across diverse sectors. In public accounting, they conduct audits, prepare financial statements, and provide tax services to businesses and individuals. Within corporations, CPAs may serve as controllers or chief financial officers, overseeing financial reporting and strategic financial planning. Their expertise extends to government entities, where they contribute to financial oversight and regulatory compliance. Moreover, CPAs are authorized to represent clients before the Internal Revenue Service (IRS) and prepare reports for submission to the Securities and Exchange Commission (SEC), demonstrating their specialized knowledge of tax law and securities regulations. Beyond these core functions, CPAs offer consulting services, advising on financial matters, risk assessment, and business strategy. Their responsibilities often involve maintaining accurate financial records, identifying discrepancies, and implementing improvements to internal financial processes.

The path to obtaining a CPA license is rigorous and multifaceted. It begins with fulfilling educational requirements, which typically entail earning a bachelor's degree, although specific majors are not universally mandated. Many states require 150 semester hours of post-secondary education, necessitating additional coursework beyond the standard bachelor's degree. This requirement can be met through graduate studies or specialized programs.

Following the attainment of the required educational credits, candidates must pass the Uniform CPA Examination, a comprehensive assessment designed to evaluate their proficiency in financial accounting and reporting, auditing and attestation, taxation and regulation, and a chosen discipline area, which includes business analysis and reporting, information systems and controls, or tax compliance and planning. The examination is administered by NASBA and consists of multiple-choice questions and task-based simulations. Achieving a passing score of 75 on each of the four sections is mandatory.

In addition to educational and examination requirements, candidates must fulfill experience criteria, which typically involve one to two years of full-time, paid work in accounting-related roles. This experience must often be verified by a licensed CPA and may encompass work in public accounting, private industry, or government. Each state board of accountancy sets its specific requirements for licensure, and candidates must ensure that they meet the criteria of the state in which they intend to practice. Upon successful completion of all requirements, individuals are eligible to apply for a CPA license from their respective state board.

Maintaining the CPA license necessitates adherence to continuing professional education (CPE). These requirements, which vary by state, typically involve completing a specified number of CPE hours annually or biennially. CPE courses cover topics such as accounting standards, tax law updates, and professional ethics. Compliance with CPE requirements ensures that CPAs remain current with evolving accounting practices and regulations.

[amelia-informative-blogs95]

Tax Accountants in CPA Firms: Staying Ahead of the Curve in Tax Compliance

The tax landscape is constantly evolving, with new laws, regulations, and court rulings emerging regularly. For tax accountants in Certified Public Accountant (CPA) firms, staying ahead of the curve in tax compliance is crucial to providing high-quality services to clients and minimizing the risk of non-compliance.

Additional Challenges in Tax Compliance

In addition to the complexity of tax laws and regulations, tax accountants in CPA firms face several other challenges in tax compliance, including:

Frequent Changes to Tax Laws and Regulations: Tax laws and regulations are constantly changing, making it essential for tax accountants to stay up-to-date.

Increasing Scrutiny from Tax Authorities: Tax authorities, such as the Internal Revenue Service (IRS), are increasingly scrutinizing tax returns and compliance, making it essential for tax accountants to ensure accuracy and completeness.

Growing Complexity of Tax-Related Technology: Tax-related technology, such as tax preparation software and accounting systems, is becoming increasingly complex, making it essential for tax accountants to stay proficient.

Strategies for Staying Ahead of the Curve in Tax Compliance

To stay ahead of the curve in tax compliance, tax accountants in CPA firms can employ several strategies, including:

Staying Current with Tax Laws and Regulations: Tax accountants should regularly review tax laws and regulations, attend seminars and webinars, and participate in professional organizations to stay current.

Investing in Tax-Related Technology: Tax accountants should invest in tax-related technology, such as tax preparation software and accounting systems, to streamline processes and improve accuracy.

Developing a Tax Compliance Checklist: Tax accountants should develop a tax compliance checklist to ensure that all necessary steps are taken to comply with tax laws and regulations.

Collaborating with Other Professionals: Tax accountants should collaborate with other professionals, such as attorneys and financial advisors, to ensure that clients receive comprehensive and integrated services.

Continuing Professional Education: Tax accountants should participate in continuing professional education (CPE) courses to stay current with tax laws and regulations and to improve their skills and knowledge.

Conclusion

Staying ahead of the curve in tax compliance is essential for tax accountants in CPA firms to provide high-quality services to clients and minimize the risk of non-compliance. By staying current with tax laws and regulations, investing in tax-related technology, developing a tax compliance checklist, collaborating with other professionals, and participating in continuing professional education, tax accountants can ensure that they are equipped to navigate the complex and ever-changing tax landscape.

[tejaswini-simandhar]

Eligibility Requirements of CPA Course

Becoming a CPA: Eligibility Requirements and How Simandhar Education Can Help

The Certified Public Accountant (CPA) designation is a highly sought-after credential that opens doors to exciting career opportunities in the accounting field. However, before embarking on this journey, understanding the eligibility requirements is crucial.

General Eligibility Criteria:

Educational Qualifications: Most states require at least a bachelor's degree with 120-150 college credits, depending on the state. You don't necessarily need to major in accounting, but your coursework should include specific accounting and business subjects.

Examination: Passing the Uniform CPA Exam, a four-part exam covering Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation, is mandatory.

Work Experience: Many states require a minimum of 1-2 years of experience in public accounting under the supervision of a licensed CPA.

Ethics and Character: You must meet specific ethical and character standards to be eligible for a CPA license.

Additional Requirements:

Each state has its own specific requirements, so it's important to check the regulations of the state where you wish to practice. These may include additional education courses, specific experience requirements, or continuing professional education (CPE) hours.

How Simandhar Education Can Help:

Simandhar Education understands the complex process of becoming a CPA and offers comprehensive support to aspiring accountants throughout their journey. Their services include:

CPA Exam Preparation Courses: Intensive and flexible courses designed to help you understand key concepts, master exam techniques, and pass all four sections of the CPA exam.

Expert Faculty: Learn from experienced CPA instructors who provide personalized guidance, answer your questions, and address your specific learning needs.

Comprehensive Study Materials: Access a wealth of study materials, including textbooks, practice questions, mock exams, and online resources, tailored to each section of the CPA exam.

Bridge Courses: If your educational background falls short of the required credits, Simandhar offers bridge courses to help you meet the eligibility requirements.

Career Services: Receive personalized career coaching and assistance with resume writing, interview preparation, and job placement after obtaining your CPA license.

Start Your CPA Journey with Confidence:

Embarking on the CPA journey can be exciting, but it also requires dedication and the right guidance. Simandhar Education provides the perfect platform to equip yourself with the knowledge, skills, and support you need to achieve your goals and become a successful CPA.

[cpaaccountingcoursetips]

How Difficult Is the CPA Exam? A Comprehensive Guide to the Challenges and Certification Process

The Certified Public Accountant (CPA) exam is widely regarded as one of the most rigorous professional exams in the financial and accounting world. Earning your CPA license not only validates your expertise in accounting training but also opens up new career opportunities, higher salaries, and greater credibility in the industry.

In this blog, we’ll explore the key challenges of the CPA exam, what makes it so demanding, and how you can better prepare for success.

Understanding the CPA Exam Structure

The CPA exam consists of four sections that test a wide range of accounting and business-related knowledge:

Auditing and Attestation (AUD)

Business Environment and Concepts (BEC)

Financial Accounting and Reporting (FAR)

Regulation (REG)

Each section includes multiple-choice questions, task-based simulations, and written communication tasks (in BEC). Candidates must pass all four sections within an 18-month testing window, adding a time-sensitive pressure that contributes to the exam’s difficulty.

Why the CPA Exam Is Considered So Difficult

The exam’s difficulty level isn’t just about what’s being tested—it also involves how it’s tested and the discipline required to pass. Here are some of the core reasons why the CPA exam is a major challenge:

1. Broad and In-Depth Content Coverage

Each section of the CPA exam covers complex and detailed material. From intricate financial accounting principles to auditing standards and tax regulations, candidates must demonstrate both theoretical knowledge and practical application skills. The breadth of topics alone makes the CPA exam a formidable challenge.

2. Intense Time Commitment

Preparing for the CPA exam is a long-term endeavor. Most candidates invest 300–400 hours of study time in total, which often stretches over 6–12 months. Balancing this preparation with full-time employment, personal obligations, and potential burnout adds to the difficulty.

Effective time management and a structured study schedule are critical to staying on track.

3. Challenging Passing Rates

The CPA exam consistently maintains lower passing rates compared to other professional certification exams. The American Institute of Certified Public Accountants (AICPA) sets the passing score at 75 for each section, and pass rates typically hover between 45% and 60% depending on the section and year.

These statistics highlight how demanding the exam is, even for well-prepared candidates.

4. High Levels of Stress and Pressure

Given the exam’s significance and the pressure to pass all four sections within 18 months, stress is inevitable. Candidates often feel overwhelmed, especially if they need to retake a failed section. Mental and emotional resilience becomes as important as academic preparation.

Techniques like mindfulness, adequate sleep, and regular breaks can help manage this pressure effectively.

5. Education and Licensing Requirements

In addition to passing the CPA exam, candidates must meet specific educational criteria, usually including 150 semester hours of college coursework—more than a typical bachelor’s degree. Many opt for a master's in accounting or related fields to meet this requirement.

Furthermore, licensing requirements vary by state and often include ethics exams or background checks.

6. Mandatory Work Experience

Most states require 1–2 years of supervised work experience under a licensed CPA before you can become fully certified. This hands-on training ensures that new CPAs not only understand theory but can also apply it in real-world settings. Securing this experience can be another hurdle, especially for recent graduates.

7. Continuing Professional Education (CPE)

The CPA journey doesn’t end with certification. CPAs must fulfill annual or biennial continuing professional education (CPE) requirements to maintain their license. This lifelong learning commitment ensures that professionals stay up to date with changing laws, standards, and best practices.

Failing to meet CPE requirements can lead to license suspension or revocation, adding another layer of responsibility.

How to Overcome the Challenges and Pass the CPA Exam

Success in the CPA exam comes from a strategic and disciplined approach. Here are several tips to improve your chances of passing:

Choose a high-quality review course: Invest in a CPA review program with a strong reputation, such as Becker, Wiley, or Roger CPA Review.

Set a realistic study plan: Break your preparation into manageable segments and stick to a consistent schedule.

Simulate exam conditions: Practice with mock exams that mirror the real testing environment.

Track your progress: Use analytics and performance metrics to identify weak areas and adjust your study focus accordingly.

Take care of your mental health: Don’t underestimate the importance of breaks, exercise, and a good support system.

Is Becoming a CPA Worth the Effort?

Despite the high level of difficulty, becoming a CPA is a career milestone that delivers long-term benefits. CPAs are in high demand across public accounting firms, corporations, and government agencies. They enjoy higher salaries, job stability, and access to leadership positions in finance and accounting.

Furthermore, CPA licensure enhances your professional credibility and signals a high level of trustworthiness and expertise to clients and employers.

Conclusion

There’s no denying that the CPA exam is one of the toughest hurdles for accounting professionals. It demands discipline, commitment, and a thorough understanding of complex subject matter. However, those who persevere and achieve CPA certification position themselves for a rewarding and impactful career.

If you’re serious about advancing in the field of accounting, the CPA credential is a step well worth taking. Start your preparation today, choose the right resources, and commit yourself fully to the journey—you’ll thank yourself in the long run.

[accpe]

This 3-hour course is designed to meet the 3-hour Ethics CPE requirement for Ohio CPAs. It provides an overview of ethical thought along with the core values of the CPA profession.

[terriblebloggerrob]

My CPA Journey

I originally decided to start my CPA (certified public accountant) journey in my senior year of high school in 2001. Unknown at the time, my inattentive ADHD derailed me in college. I still managed to graduate in 2009 with my B.S. in accounting and started work at a public accounting firm. Still needing about 20 credit hours, I enrolled in a B.S. in finance program in 2011 and in 2013 I was then eligible to sit for the 4 CPA exam sections.

My whole post high school life I was always reminded on how hard it was to pass the exam sections and since each section cost around $230, I didn't want to register for the exams until I was ready. With ADHD, I realized I would never be ready. When you qualify to sit for the exam you have to register and take at least 1 section of the exam within 18 months of being registered... so at the 17th month I took my first section, Audit in 2017. I failed. This was the section I was supposed to be an "Expert" in since I handled audit matters at my firm. This devastated me and drove me into depression.

In January of 2018 I purchased Rogers CPA review program that included video lectures, text book and practice exams. I took AUD again in October of 2018. I studied about 30+ hours watching mostly Rogers lectures and I passed! I didn't find out right away, after around 40+ days of waiting, I found out right after dropping my kids off with their Nana. I wish I'd found out just an hour earlier so I could have celebrated with them but nonetheless, I was so excited.

This left me with three more sections to pass (BEC, FAR and REG). I was motivated. When you pass a section, you have to pass the remaining three within 18 months or you lose credit for the one that you passed 18 months ago. Obviously, this meant I would quickly schedule the remaining exams ASAP.

Wrong... I waited about 8 months before taking another section, BEC and I failed. I studied less than 2 hours for that section. Then in October of 2019 I passed FAR (I studied 30+ hours). However, I scheduled my REG just two weeks after FAR and I was so burned out that I didn't study at all for REG and I failed it. So at this point I passed 2 exams out of 5 total attempts with my BEC retake coming up in December. I failed my BEC retake (studied 2 hours). Now I passed 2 exams out of 6 total attempts.

I was distraught, my window to passing the remaining two (BEC and REG) was quickly closing before I'd lose credit for passing AUD (meaning I'd have to retake AUD). I'd have to pass the remaining two by March of 2020 and if I failed just one of them, I wouldn't have enough time to retake them before losing credit on my AUD exam. I was depressed and demotivated, believing I was a crappy accountant and dumb as a bag of rocks. Compounding my negative emotional state was the fact that now my Rogers exam prep course subscription was now passed the 18 month window that I purchased a couple years ago. Additionally, the fact that I didn't really use Rogers that much in studying for REG or BEC prior to this point just fed into my depression. I called them and they graciously allowed me to have a 6 month extension. I finally took advantage of those video lectures this time!

I then changed my mindset, I went full throttle and scheduled my BEC exam for the middle of January of 2020 and my REG exam at the middle of February. I decided I was going to study 30+ hours for each, came up with a detailed study strategy and watched hours of the Rogers video and audio lectures while taking notes.

It takes about 20-30 days to get your score back after taking a section of the exam, this period of time was excruciating. My ADHD couldn't properly handle this period of time. My BEC score release was a day after the Super Bowl. I am a HUGE Chiefs fan, this is the Super Bowl they WON!! The very next day I found out I passed BEC with a total of 10 hours of study time. I was on cloud 9, I was motivated. I was happy, really happy!

This momentum propelled me through my study time with REG which I took on February 13th wearing my Chiefs dress shirt. If I failed, I'd have to retake not only REG but also AUD.

On February 24, 2020 I learned that I passed REG (with 20+ hours of study time). It took me 8 attempts to pass the 4 sections and yes, I know if I'd spend at least 30 hours studying for each of them then I'd most likely would have passed all on the first attempt. However, I'm not built like that, and working 50+ hours a week in public accounting at the time didn't help either.

To be fully honest, I didn't accomplish any work between February 13th and February 24th as I refreshed the score release website at least a million times. I've finally done it. This realization didn't sink in right away, I was so overwhelmed with emotion, joy and relief.

The process wasn't fully over yet, as I had to wait for the paperwork from the state's accountancy board and to finish the experience verification process and complete the ethics 8 hour CPE course. Besides the lack of publicly available information on this process as a whole that left me with huge amounts of anxiety, I found it very difficult to focus at work. Ethics exam was the worst part, having to get a 90% or higher just seemed tedious to me. Finally forced myself to take it in April and was officially awarded my CPA license on May 15th of 2020.

My only wish would be to have my Mother alive and with me to share in the celebration and because I know this would have made her so happy. However, some of my good friends here threw me a surprise party and I am so blessed to be surrounded by awesome people like them!

Normally this would result in me attending the initiation of new CPA members at the state Captiol but due to Covid, this was instead turned into a youtube digital video of just my picture and my name.

Looking back on it now, I am very proud of my journey. Finally accomplishing a goal that I've had for almost 20 years and at the same time seeing my beloved Chiefs win the Super Bowl is a memory that will never leave me.

My only advise for those trying to get their CPA is to take care of your mental health, be proactive in trying to avoid burn out and do not let the statistics intimidate your mindset. Use a study strategy that works best for you. For me, the video lectures was a far superior study method than spending hours on practice exam questions. But that's just for me and ignore the critics.

[supercpasandiego-blog]

Virginia CPA CPE Requirements

Virginia CPA CPE requirements differ depending upon the "status" of the CPA and the number of years which have passed since successful completion of the CPA exam.

The Virginia Board of Accountancy is the governing body overseeing the requirements for the number and the type of CPE hours which a CPA must complete in order to renew his or her Virginia CPA license.

Please refer to these clarifications when reading the requirements that follow:

Referring to one's self as a Certified Public Accountant or CPA, includes the use of the "CPA" title on individual business cards, letterhead and all other documents (excluding a CPA wall certificate).

The performance of professional services to the public for purposes of CPE requirements include: accounting or auditing skills, issuing reports on financial advisory or consulting services, preparing tax returns, or giving tax advice.

For the purposes of this article, the terms "CPE credits" and "CPE hours" are used interchangeably.

CPE requirements for Virginia CPA's who use the CPA designation and perform services for the public.

General requirements:

Any person referring to himself or herself as a Certified Public Accountant or "CPA," and who is performing or offering to perform the professional services as listed above for the public must complete 120 CPE credits during each CPE reporting cycle with a minimum of 20 CPE hours per CPE reporting year. The CPA licensee may choose the specific courses and areas of study.

Timing of application for Virginia CPA license:

Any person applying for a CPA certificate three or more years after successful completion of the CPA exam, who intends to provide any of the professional services described above, must complete the 120 CPE hour requirement as though it had been applicable during the three years prior to the date of his application.

Any CPA certificate holder whose original application for CPA certification was received by the board less than three years after completion of the CPA exam, and who provides any of the professional services described above (after December 31, 2000), must have obtained 40 CPE credits within the 12 months preceding the date such services are first offered to the public. The CPA must complete the remaining 80 CPE hours by the end of the second CPE reporting year following the date of providing the indicated professional services. A minimum of 20 CPE hours must be completed in each of these two CPE reporting years.

CPE requirements for Virginia CPA's who use the CPA designation and perform services other than for the public.

General requirements:

Any person referring to himself or herself as a Certified Public Accountant or "CPA," and who is performing or offering to perform any professional services as listed above for an employer or other organization or as an educator in the field of accounting, and not for the public, must meet the following CPE requirements to renew a CPA certificate:

For the three-year reporting period beginning January 1, 2006, a minimum of 90 CPE credits with a minimum of 15 CPE hours per year

For the three-year reporting periods beginning on or after January 1, 2009, a minimum of 120 CPE credits with a minimum of 20 CPE hours per year.

Any person applying for a CPA certificate three or more years after successful completion of the CPA exam, who intends to provide any of the professional services described above, must complete the 120 CPE credit requirement as though it had been applicable during the three years prior to the date of his application.

If the CPA obtained his CPA certificate at a time when he did not intend to provide services for the public and later decides to provide for the public the services, then he or she must, prior to performing such services, meet the 120 CPE credit requirement.

Requirements for retaining records of continuing education.

It is the responsibility of the CPA to keep all evidence of completion of CPE credits for a period of three years. The documentation must be in the form of a sponsor provided certificate of completion or other verification or written statement from the provider of the CPE course.

The CPA certificate holder has the responsibility to provide documentation of completed CPE to the board only if requested.

Granting of continuing professional education credit.

The Virginia Board of Accountancy permits credit hours for CPE courses as follows:

One credit hour for each 50-minute period of classroom instruction.

CPE Credit for College Courses: One semester hour of college credit is worth 15 CPE credits. One quarter hour of college credit is worth 10 CPE credits.

CPE Credit for Instructors: A CPA certificate holder can also gain CPE credit for instructing courses that qualify for CPE credit. Instructors. The instructor must keep evidence to support the request for CPE credit and will be awarded two additional CPE credits for each CPE credit hour of instruction. The instructor will not be given CPE credit for "substantially identical" subject matter in subsequent sessions of the course. The CPE credit given for instructing is limited to 30 CPE credits per CPE reporting cycle.

Interactive vs Non-interactive Self study CPE: CPE hours for self-study courses should be established by the sponsor. Interactive self-study programs receive CPE hours equal to the average completion time. Non-interactive self-study programs receive CPE hours equal to one-half of the average completion time.My site here CPA San Diego

Comparing CPE Providers

Because the Virginia Board of Accountancy does not require registration of CPE providers, the following are some things to look for when selecting a CPE course.

* Does the provider specify written learning objectives for each course?

* Does the provider require a final exam with a minimum passing score at the conclusion of the course?

* Does the provider issue certificates of completion for each course?

The Virginia Board of Accountancy does not require that CPE providers be pre-approved or registered with the state board. Therefore, Virginia CPA's should be diligent in selecting a quality provider of CPA CPE.

[cpeinc]

What Are CPE Credits for CPAs and How Do You Earn Them?

Continuing Professional Education (CPE) credits are essential for Certified Public Accountants to maintain their licenses and stay up to date with industry developments.

Whether you're a newly certified CPA or a seasoned professional, understanding how to earn and manage CPE credits is crucial for maintaining compliance with state board regulations and professional organizations.

Understanding CPE Credits

CPE credits are units of measurement used to quantify professional education and training for CPAs. These credits help accountants remain knowledgeable about tax laws, financial reporting standards, ethical considerations, and other relevant topics in the accounting industry. Most CPAs are required to earn a specific number of CPE credits within a defined reporting period, usually one to three years, depending on state regulations and professional membership requirements.

Why Are CPE Credits Important?

Regulatory Compliance: State boards of accountancy require CPAs to earn CPE credits to maintain their licenses.

Professional Growth: Continuing education helps CPAs stay informed about changes in accounting standards, tax laws, and technology.

Career Advancement: Keeping up with CPE requirements ensures CPAs remain competitive in the job market.

Ethical Responsibilities: Many CPE programs include ethics courses that reinforce the importance of professional integrity and ethical decision-making.

How to Earn CPE Credits

CPAs can earn CPE credits through various methods, including online courses, live seminars, webinars, and self-study programs. Below are the most common ways to earn CPE credits:

Online CPE Courses

Online CPE courses provide a flexible and convenient way for CPAs to earn credits from anywhere. Providers like CPE Inc. offer a wide range of courses covering essential topics such as:

Taxation

Auditing

Financial Reporting

Business Law

Ethics

Technology in Accounting

Many online courses are self-paced, allowing CPAs to learn at their own convenience and complete courses based on their schedules.

Live Webinars and Virtual Conferences

Attending live webinars and virtual conferences allows CPAs to interact with industry experts, ask questions, and participate in discussions. Many organizations, including CPE Inc. offer live CPE events that provide up-to-date information on regulatory changes and accounting best practices.

In-Person Seminars and Workshops

For CPAs who prefer a traditional classroom setting, in-person seminars and workshops offer structured learning environments. These events are often conducted by professional organizations and accounting firms to provide deep insights into specific accounting and financial topics.

Professional Conferences

Accounting and finance conferences often feature keynote speakers, panel discussions, and specialized training sessions that qualify for CPE credit. These events provide an excellent opportunity for networking while earning required credits.

On-the-Job Training and Firm-Sponsored Programs

Some employers provide in-house training programs that qualify for CPE credit. These programs cover company-specific policies, financial regulations, and industry trends that help CPAs enhance their expertise.

CPE Credit Requirements

CPE credit requirements vary by state and professional organization. CPAs should check with their state board of accountancy and other relevant institutions to ensure compliance. Here are some general guidelines:

Annual or Biennial Reporting Periods: Most states require CPAs to complete CPE credits within a one-to-three-year reporting cycle.

Minimum Credit Requirements: The total number of required credits typically ranges from 40 to 120 hours per cycle.

Ethics Requirement: Many states mandate that CPAs complete ethics training as part of their CPE credits.

Technical and Non-Technical CPE: Some state boards differentiate between technical courses (e.g., accounting, auditing, tax) and non-technical courses (e.g., leadership, communication skills).

Earn Your CPE Credits Today

CPE credits are a fundamental requirement for CPAs to maintain their professional licenses and stay ahead in the evolving field of accounting.

By utilizing resources such as CPE Inc., CPAs can conveniently earn credits through online courses, webinars, and self-study programs. Understanding CPE requirements and taking proactive steps to complete courses ensures CPAs remain compliant, knowledgeable, and competitive in their profession.

To explore high-quality CPE courses, visit CPE Inc. and start earning your credits today!

For more information about Ethics CPE Webinar and Accounting CPE please visit:- CPE Inc.

[georgegillmore]

AICPA and CIMA National Tax Conference - Stay Updated on Tax Law

The American Institute of Certified Public Accountants (AICPA) & Chartered Institute of Management Accountants (CIMA) National Tax Conference offers tax professionals a comprehensive update on the latest federal tax laws and their practical implications. Set for November 11-12, 2024, at the Omni Shoreham Hotel in Washington D.C., this two-day event provides attendees with insights from industry experts and practical guidance on incorporating tax law changes into their practices.

The conference agenda delves into various tax updates, planning strategies, and hot topics relevant to tax professionals. Attendees can expect in-depth sessions covering individual income tax, business tax, estate planning, and retirement plans, among other subjects. Specific areas of focus include the use of AI in CPA firms, the impact of rising interest rates on estate planning, and tax considerations related to employee use of company assets. Various networking opportunities are also available, fostering connections with fellow professionals and industry leaders. Additionally, the conference fulfills continuing professional education (CPE) requirements.

Early-bird pricing for the conference ends on September 27. AICPA and CIMA members are also eligible for a reduced registration fee. For details on the conference agenda, registration, and CPE credit specifics, visit the official conference website.

[illumeo-blog]

The Top Accounting Certifications in the United States

Most people know what a CPA is, but when you get beyond that all the abbreviations start to run together. CGMA, CIA, CFA... unless you're in that industry, you may not really understand what each one actually represents. Plus, they vary by country so it can be hard to keep track as you begin working with other companies around the world.

That's why we've put together a list of some of the most common accounting certifications in the United States.

Certified Public Accountant (CPA)

Arguably the most popular accounting certification, the Certified Public Accountant (CPA) license is granted by the American Institute of Certified Public Accountants (AICPA). Only CPAs are licensed by state governments to write audit reports, give opinions on public traded company financials, sign tax returns as paid preparers, and represent clients in front of the IRS, though CPAs are able to do so much more.

To receive the CPA designation, you must pass four parts of the exam: Auditing & Attestation, Financial Accounting & Reporting, Regulation, and Business Environment & Concepts. They can be taken in any order, but must be taken within 18 months. (If you wait too long, you must retake the expired parts again). All four exams are offered during the first two months of each quarter, so it typically takes a year to pass all four.

Because CPAs are licensed by state governments, the license requirements vary by state. Most require 150 number of college hours with certain number of hours in business & accounting (amount varies), bachelor degree, 1 year of accounting experience, and a minimum amount of CPA CPE every year (again, amount varies).

For someone wanting to work in accounting, the CPA is truly the gold standard as it is incredibly versatile. CPAs can work in all areas of accounting, including: governmental accounting, management accounting, public accounting, compliance, risk management, taxation, financial advisory, and more. a

Chartered Global Management Accountant (CGMA)

The Chartered Global Management Accountant (CGMA) certification was developed as a global designation for CPAs in business and government. The Chartered Institute of Management Accountants (CIMA) and the AICPA grant the CGMA designation.

To receive the CGMA designation, you must pass one computerized case study by responding with long-form answers demonstrating your management accounting competencies, as well as be an AICPA member with three years of relevant, work-based, practical accounting experience, or an existing CIMA member. Costs are $325 plus membership for AICPA and membership in CIMA (cost of designation is included).  This case study is offered four times a year, and it can take up to four weeks to receive results.

For CPAs interested in working outside the United States – or even just with companies outside the United States – the CGMA designation is an excellent way to demonstrate your experience and skills. CGMAs also receive additional access to research, tools, and a global network to assist you.

Certified Management Accountant (CMA)

The Certified Management Accountant (CMA) certification is recognized globally and given by the Institute of Management Accountants. It is the certification to get if you're in management accounting, and is typically pursued after someone has already become a CPA.

To receive the CMA designation, you must have a bachelor's degree and two consecutive years in financial management or management accounting. The CMA exam is designed to measure critical accounting and financial management skills in a practical way. There are two levels of the exam resulting in a total exam time of 8 hours, and it typically takes one to two years to receive certification.

For anyone wanting to work in corporate accounting, the CMA is a highly respected designation to get. As an added bonus, CMA certification holders typically earn 67% more than non-certified professionals in the same industry.

Chartered Financial Analyst (CFA)

The Chartered Financial Analyst (CFA) certification is granted by the CFA Institute and is designed to prove your competency in portfolio management, investment analysis, economics, and professional and ethical standards.

To receive the CFA designation you must pass all three levels of the exam. While the total exam time is 18 hours, it typically takes between 18 months and 2 years to complete the certification process. Once certified, you must earn a minimum of 20 hours of CPE annually, with at least 2 hours of standards regulatory, and ethics.

The CFA is ideal for finance professionals like hedge fund managers, equity analysts, and anyone hoping to reach senior finance management levels like CFO.

Certified Internal Auditor (CIA)

Currently the Certified Internal Auditor is the only internationally accepted designation for internal auditors, making it a must-have for those striving to become internal auditors. The designation proves your competency in internal audit areas like risks, internal control (Internal controls certification), and information technology.

To receive the CIA designation you must have a bachelor's degree and two years of internal audit experience (a master's degree is accepted in lieu of one year of experience) and pass all three levels of the exam (total time of 6.5 hours). It typically takes between 12 and 18 months to complete. Ongoing CPE, cpe management and cpe credits are required but the number varies.

The CIA is the gold standard for internal auditors. The designation can increase your earning potential by up to 51% and help you advance in your profession more quickly both in the United States and around the world.

Obviously this list isn't all encompassing. There are other US certifications and designations available, but these are some of the most popular. We'll be covering Canadian and EU certifications in the coming weeks, so be sure to visit us again soon.

[my-cpe]

📢Attention Michigan CPAs!

🎉Complete your CPE credit needs hassle-free with our exclusive 40 CPE package for Michigan CPAs.📚💼

Here's what's included in the Michigan CPA CPE Package: 📌Accounting: 8 Credits 📌 Auditing: 8 Credits 📌Taxes: 16 Credits 📌Finance: 1 Credit 📌 Ethics (Regulatory): 2 Credits 📌Computer Software and Applications: 3 Credits 📌Business Management and Organization: 2 Credits

⚖️ As per the Michigan State Board of Accountancy, things that Michigan CPAs should keep in mind:

➡️A minimum of 50% of CPE hours must be completed through interactive live webinars.

➡️ No more than 20% of CPE can be in Personal Development, Computer, Software, Application, Marketing, Communication, or Management.

➡️ 8 hours of CPE should be completed in the subject areas of accounting and/or auditing.

➡️ CPE Reporting Cycle of Michigan CPAs ends on June 30 (biennially).

➡️ Michigan CPAs can earn CPE Credits from NASBA Approved CPE Providers as long as it directly relates to their professional competence. Don't miss out on this opportunity to conveniently fulfill your CPE credit needs.

Enhance your professional competence with our comprehensive Michigan 40 CPE package. Subscribe to my CPE today! To verify the detailed requirements, please visit the Michigan CPE Requirement Page or the Board Website. Feel free to ask any questions or DM us. #MichiganCPA #CPEcredits #ContinuingEducation #ProfessionalDevelopment #myCPE

[jackcpa90]

How Professional Associations Can Enhance Your Public Accounting Career

by Kim Elm, JAK+Co. Marketing Coordinator If you’re considering a career in public accounting, you’ve probably envisioned yourself meeting with clients, chatting with co-workers, and losing yourself in a well-designed spreadsheet. But life at a CPA firm—at least at JAK + Co.—often extends beyond the office walls. This is especially true if you choose to join a professional association.

Professional associations are organizations that offer networking and professional development opportunities for professionals within a specific industry. CPAs often join associations specific to the accounting industry, such as the Minnesota Society of CPAs, and they also join those specific to their clients’ industries (for example, the Minnesota Subcontractors Association). Collectively, JAK team members are involved in more than 25 professional associations!

Professional associations can enhance your accounting career in more ways than one. Here are a few benefits of becoming a member of a professional association.

Unique opportunities for professional development

The education and professional development opportunities provided by professional associations can leave you with a well-rounded education outside of what your CPA firm can provide. Some associations will even give you a chance to earn CPE credits. (Don’t forget, CPAs need to earn a certain amount of these each year to retain their license!) Of course, participating in professional associations outside of the accounting realm will allow you to learn about different industries.

Learn from others

One of the best things you can do for your career is to find a mentor; somebody you can learn from. Typically, a professional association will set up its new members with a knowledgeable “member mentor” who can show them the ropes.

At JAK, we match junior staff who join a professional association with a JAK manager or director who is a current member. This individual will help the junior staff member understand the association’s networking process, JAK’s elevator speech, and the right questions to ask association members.

By joining a professional association, you’re likely to meet people from all walks of life—and potentially find a mentor you never thought you’d have. This could be someone who walks with you throughout your career and gives great advice or even refers clients your way.

If you stick with a professional association long enough, you’ll have the opportunity to be a mentor and share what helped you in the early stages of your career. As we like to say: The more you teach, the more you learn.

Greater knowledge to solve client problems

Being in an association allows you to share experiences and ideas with others and what has and hasn’t worked on certain projects or problems. What’s more, when you’re in an accounting-focused association, you have access to experts outside of your firm. These external perspectives can be especially valuable when you’re aiming to solve complex client issues.

Networking opportunities for recruiting and clients

Of course, one of the biggest benefits of joining a professional association is the opportunity to network. Maybe someone in the association is looking for tax preparation or financial statement preparation for their business. Perhaps someone else just bought a business and wants to get a succession plan in place. If you’re a member of their association, they’re more likely to meet—and work with—you.

This is also true for recruiting. We’ve met and recruited many a new staff members at association networking events!

Get out of your comfort zone and have fun!

Speaking of events, the ones hosted by professional associations tend to be fun. Some of our favorites have included an outing to Top Golf, clay shooting, happy hours at local breweries, and even digging with heavy equipment! Attending these events allows you to get to know other professionals on a more personal level—and to have fun while doing it.

Feel supported by your firm

At JAK, we know how important professional associations are to your career, which is why we support staff members who wish to join one. This could be anything from paying for a membership or event admission to compensating you for your time while you’re at the event.

Being involved in a professional association is also part of our personal development program; if you’re involved in an association, we ask you to write out your goals for involvement each year to provide accountability and help you make the most of it.

If you have questions about joining a professional association or would like to learn more about how JAK can support your accounting career, contact us today.

from Accounting & CPA Firm Minneapolis – Tax Preparation Services St. Paul, MN https://ift.tt/PG4Dti7

For more information visit us at John A. Knutson & Co., PLLP.

[cpaaccountingcoursetips]

Understanding the Certified Public Accountant (CPA) Course: A Complete Guide

The Certified Public Accountant (CPA) course is a prestigious professional certification designed for individuals aspiring to become licensed accountants in the United States. Renowned for its rigor and comprehensiveness, the CPA course prepares candidates to excel in various critical areas such as accounting, auditing, taxation, and business law.

Whether you are considering CPA coaching in Chandigarh or elsewhere, it is essential to understand the course structure, eligibility, and requirements to successfully navigate the path toward certification.

Education Requirements for the CPA Course

To begin your journey toward CPA certification, a foundational step is meeting the education eligibility criteria. Most states require candidates to hold at least a bachelor’s degree from an accredited college or university. This degree must include a specified number of credit hours in accounting and related business subjects.

While the total required credit hours vary by state, many require around 150 credit hours to qualify for the CPA exam. These coursework requirements ensure that candidates possess a solid grounding in essential accounting principles and business knowledge before moving forward.

The CPA Exam: Four Critical Sections

The Uniform CPA Examination is a pivotal part of the certification process, designed to comprehensively test candidates’ proficiency across four distinct sections:

Auditing and Attestation (AUD): This section evaluates knowledge of auditing standards, procedures, and attestation engagements. Candidates must understand how to prepare, compile, and review financial statements according to professional standards.

Business Environment and Concepts (BEC): BEC focuses on business-related concepts, including economics, financial management, information technology, and business law. This section tests candidates on their understanding of the broader business environment affecting accounting practices.

Financial Accounting and Reporting (FAR): FAR covers financial accounting principles and the preparation of financial statements for various entities. Candidates are tested on topics such as accounting standards and financial reporting frameworks.

Regulation (REG): REG assesses candidates on federal taxation, business law, ethics, and professional responsibilities. It ensures candidates understand regulatory frameworks governing the accounting profession.

Candidates are required to pass all four sections within a state-specific timeframe, highlighting the importance of thorough preparation and time management.

Work Experience: Gaining Practical Accounting Skills

In addition to education and examination requirements, relevant work experience is crucial for CPA certification. Most states mandate candidates to accumulate one to two years of professional accounting experience under the supervision of a licensed CPA.

This hands-on experience helps candidates apply theoretical knowledge in real-world settings, building critical skills that enhance their competence and readiness for professional practice.

Ethics Exam: Upholding Professional Integrity

Many states require candidates to pass an ethics exam as part of the CPA certification process. This exam covers ethical standards and professional conduct expected of CPAs, emphasizing the importance of integrity, objectivity, and responsibility in accounting practice.

The ethics requirement reinforces the commitment of CPAs to uphold public trust and maintain the profession’s reputation.

Continuing Education: Lifelong Learning for CPAs

Becoming a CPA is not the final step; maintaining the license involves ongoing continuing professional education (CPE). CPAs must regularly update their knowledge of evolving accounting standards, regulations, and best practices to remain competent and effective in their roles.

CPE requirements vary by state but generally include completing a specified number of education hours every licensing period to ensure continuous professional development.

State-Specific Requirements: Importance of Local Guidelines

While the core components of the CPA course are consistent, state-specific variations exist regarding eligibility, exam administration, experience, and fees. Each state’s Board of Accountancy establishes its own rules, so candidates must consult their local board to understand precise requirements.

For those seeking CPA coaching in Chandigarh or other locations, it’s important to align preparation with the regulations of the state where certification is pursued.

Conclusion

The CPA course offers a robust pathway for aspiring accountants to develop expert knowledge and gain licensure to practice professionally. Understanding the education prerequisites, exam structure, work experience, ethics, and continuing education requirements is key to successfully earning and maintaining the CPA designation.

By choosing the right coaching, committing to disciplined study, and adhering to state-specific guidelines, candidates can confidently achieve their CPA goals and open doors to rewarding careers in accounting and finance.

[accpe]

This 3-hour course is designed to meet the 3-hour Ethics CPE requirement for Ohio CPAs. It provides an overview of ethical thought along with the core values of the CPA profession.