Accounting

• Licensing. An accountant will typically have a bachelor's degree in accounting. A certified public accountant (CPA) is one who has an accounting degree and has met state licensing requirements. Typically the requirements include a minimum education, experience and passing the CPA exam. In addition, CPAs must complete a minimum number of continuing education hours each year.
• Fiduciary Responsibility. There are three types of financial statements: audited, reviewed and compiled. Only CPAs can prepare audited financial statements.
• Taxes. While non-CPAs can prepare tax returns, only CPAs are eligible to represent clients during an IRS audit.

The following sites provide more information on professional certifications.

The CPA Exam consists of four, four-hour sections that must be passed within 18 months with a minimum score of 75 on each part. Here are some resources to set you on the path to testing success.

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