CPA Exam
In order to become a CPA in the United States, the candidate must sit for and pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), which is set by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA). The CPA was established in law on April 17, 1896.
Eligibility to sit for the Uniform CPA Exam is determined by individual state boards of accountancy. All states but California have adopted what is known as the "150 hour rule", which requires an additional year past a regular 4 year college, or a master's degree.
The Colorado State Board of Accountancy allows Chartered Accountants from eligible jurisdictions (Australia, South Africa, Canada, Ireland, New Zealand), automatic eligibility to sit for the Uniform CPA Exam as a Colorado candidate.
Certain overseas qualified accountants seeking to become U.S. CPAs may be eligible to sit for the International Qualification Examination as an alternative to the Uniform CPA Exam.
The Uniform CPA Exam tests general principles of state law such as the law of contracts and agency (questions not tailored to the variances of any particular state) and some federal laws as well.
Read more about this topic: Certified Public Accountant
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