People confuse the role of the Certified Public Accountant (CPA) with that of an unauthorized accountant or accountant. It is not surprising because their functions are similar, in addition to the level of responsibility and authority.
Accountants are technicians or employees of a company and also work as freelancers for small businesses that need to keep financial records of money coming in and going out. Also, they have no formal college education.
Accountants have a four (4) year university degree and the vast majority have studied business at a general level. Companies that generate more than a million dollars in sales each year could have an accountant on staff or hire the services of a professional.
Certified Public Accountants have studied this profession, possess their diplomas and must pass a public accountant exam. To use the CPA designation, these accounting professionals are required to educate themselves at a university about government laws and pass a rigorous exam.
A CPA accountant can work within a company or create his own company to offer his professional services. Depending on the requirements of each state, the certification must be renewed every two (2) years. So CPAs have a higher level of responsibility than accountants or accountants.
A Certified Public Accountant (CPA) in addition to keeping the balance books of companies, performs tax and financial audit services for individuals, companies and non-profit organizations.
That is why accountants perform functions that are not at the professional level of accountants or Certified Public Accountants (CPA). As companies grow, so do financial responsibilities when filing taxes. And CPAs are certified to handle or control any type of tax or accounting situation.
A Certified Public Accountant (CPA) must be on and rated by the American Institute of Certified Public Accountants (American Institute of Certified Public Accountants) . The exam that a CPA accountant must pass is four parts and must be completed in a period of two years.