CPA Exam Terms
Wonder Wheels Glossary Certified Public Accountant (CPA) is a title granted to United States accountants who have qualified by passing the Uniform Certified Public Accountant Examination (UCPAE). The UCPAE is created and scored by the American Institute of Certified Public Accountants. In most states, a CPA is the only one who is licensed and permitted to provide to clients attestation (including auditing) opinions on financial statements. In Arizona, Kansas, North Carolina and Ohio, while the CPA designation is restricted and can only be used by those who passed the UCPAE, any accountant can audit. If a person who has passed the UCPAE * has not finished the on-the-job experience requirement or * has previously met that requirement but since then has not completed their continuing professional education that person is designated “CPA Inactive.” The majority of states allow only a person licensed as a CPA in their state to use the designation. Therefore, a CPA from California is not called a CPA in Illinois until that person meets the state requirements of Illinois for a license or certificate. Texas is even more restrictive. Only a CPA in Texas can be addressed by the designations “auditor” and “accountant.” The only exceptions are: * a non-resident of Texas who is a CPA in another state AND * meets the requirements to practice in Texas as an out-of-state member of the CPA firm or practitioner.
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