Ambrose is discussing his college major with his best friend. Ambrose says that his parents want him to be a Certified Public Accountant (CPA) just like them when he graduates. However, Ambrose says, “I just don’t see myself as an accountant!” Which of the following can be concluded from the information given in this scenario?

Ambrose’s self-image is not congruent with his parent’s image of him. More test answers on https://studyhippo.com/hr-test-3/

What has to happen in order to be recognized as a certified public accountant?

a person must complete the equivalent of 150 semester hours, five years, of college education with a heavy emphasis in accounting and other business-related courses, must pass a rigorous two-day, four-part exam, and must complete at least one year of direct work experience in the field of accounting More test answers on https://studyhippo.com/busn-chapter-8/

An independent certified public accountant

All financial statements submitted to the SEC by publicly owned corporations must include an auditor’s report prepared by More test answers on https://studyhippo.com/accounting-test-1-test-answers/

Certified public accountants (CPA)

Many public accountants are called ______. More test answers on https://studyhippo.com/fse-145-accounting-final/

All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:

Due Process More test answers on https://studyhippo.com/business-ethics-exam-2/

Which of the following is not required by the Sarbanes-Oxley Act? A. Top managers of public companies must sign a report certifying their responsibility for the financial statements B. Public companies must maintain an audited system of internal control to ensure accuracy in accounting reports C. Public companies must maintain an independent auditors D. Top managers of public companies must be members of the American Institute of Certified Public Accountants.

D More test answers on https://studyhippo.com/financial-accounting-multiple-choice-questions-chapter-1-3/

Home Page Social Science Economics Finance Certified Public Accountant

Certified Public Accountant Flashcards, test questions and answers

Q: American Institute of Certified Public Accountants

the worlds largest association representing the accounting profession; together with the chartered institute of management accountants (cima) offers the chartered global management accountant (cgma) designation. More test answers on https://studyhippo.com/1-introduction-to-managerial-accounting-56650/

Q: American Institute of Certified Public Accountants (AICPA)

the world’s largest association representing the accounting profession; together with the Chartered Institute of Management Accountants (CIMA) offers the Chartered Global Management Accountant (CGMA) designation. More test answers on https://studyhippo.com/managerial-accounting-exam-1-pannell/

Discover flashcards, test exam answers, and assignments to help you learn more about Certified Public Accountant and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Certified Public Accountant and get quick solutions for your test.

What is Certified Public Accountant?

A Certified Public Accountant (CPA) is a professional designation given to those who have successfully completed the necessary education and certification requirements set by the state in which they practice. CPAs are responsible for performing a variety of accounting-related tasks such as preparing financial statements, analyzing financial data, auditing corporate books and records, filing taxes and providing tax advice. In addition to these duties, CPAs may also specialize in areas such as investments, insurance or estate planning. CPAs must be licensed by their respective state board of accountancy in order to practice within that state. Standards vary slightly from one state to another but typically involve completing an accredited college program with a concentration in accounting; passing the CPA exam (a four-part test administered by the American Institute of Certified Public Accountants); obtaining experience through an internship or other job related to accounting; and meeting continuing education requirements throughout their career. The role of a CPA is critical when it comes to helping individuals and businesses manage their finances effectively. They are trusted advisors who possess deep knowledge of financial regulations and guidelines that can help guide decisions regarding investments, taxes and other matters related to money management. This expertise can be invaluable for those looking for assistance with tax preparation or business planning, since CPAs have access to resources not available elsewhere. Their guidance can save time spent on paperwork as well as help minimize costs associated with mistakes made due to lack of knowledge about taxation laws or other relevant regulations. In short, Certified Public Accountants provide invaluable services that allow individuals and businesses alike make informed decisions about their finances without risking legal repercussions or wasting valuable time dealing with complex issues outside their area of expertise.