CPA Coaching or Training in China and Hong Kong
CPA Coaching or Training in China and Hong Kong: About:
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. In the United States, the CPA is a license to provide accounting services directly to the public. It is awarded by each of the 50 states for practice in that state. Additionally, almost every state (49 out of 50) has passed mobility laws in order to allow practice in their state by CPAs from other states. Although state licensing requirements vary, the minimum standard requirements include the passing of the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting related experience.
Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or have requested to be converted to inactive status are in many states permitted to use the designation “CPA Inactive” or an equivalent phrase. In most U.S. states, only CPAs are legally able to provide to the public attestation (including auditing) opinions on financial statements. Many CPAs are members of the American Institute of Certified Public Accountants and their state CPA society.
State laws vary widely regarding whether a non-CPA is even allowed to use the title accountant. To illustrate, Texasprohibits the use of the designations “accountant” and “auditor” by a person not certified as a Texas CPA, unless that person is a CPA in another state, is a non-resident of Texas, and otherwise meets the requirements for practice in Texas by out-of-state CPA firms and practitioners.
About Hong Kong
Hong Kong Office Established in 1991
Longest Established US CPA Review Course Provider in Hong Kong
CPA Coaching or Training in China and Hong Kong: How to Become a U.S. CPA Full Member Within Six Months
- Uniform U.S. CPA Exam 4 papers only
- Live Lecture taught by Experienced Professors
- Any Degree Holder or 120 Credits Can Apply
- Rigos provides a Conversion Program & Top Up Accounting Courses available for Non-Accounting Major Graduates. Eligible for Income Tax Deduction.
- Rigos Provides the Certificate of Experience (Mentoring) Services.
CPA Coaching or Training in China and Hong Kong- CPA Review Course Begins March to August each year
- Exciting all-live lectures
- Taught by Experienced Professors
- Weekend classes
- 4 Tailor Made Textbooks and CD ROM Provided
- Various skeletons / acronyms
- Work over 2000 past exam questions
- Computer Drills and Magic Memory Outlines
- Past exams papers
- Other CPA Exam Review Books Available for reference
- “How to Master Simulations” (Book + CD)
- Academic Assistance provided by email
- Transcript Evaluation, Exam application and Hotel and Air Ticket information provided
- AICPA Membership application assistance
- Certificate of Completion provided
- All course fees are accepted by the Inland Revenue Department to be deductible
- All courses have been included in the list of reimbursable courses for “Continue Education Fund” purposes
- Non-Means Student Loan Scheme
CPA Coaching or Training in China and Hong Kong: International tax course
The international tax course aims to help candidates understand the key international tax concepts and focus on practical taxation skills needed to provide competent tax advice with respect to cross border transactions.
CPA Coaching or Training in China and Hong Kong: China tax course
The China tax course aims to help candidates understand the key China taxation laws and practice and their application to practical tax computation.
CPA Coaching or Training in China and Hong Kong: Advanced Hong Kong tax course
The advanced Hong Kong tax course focuses on practical and in-depth knowledge of the key areas in contemporary taxation practice in Hong Kong to develop candidates’ ability to analyse Hong Kong taxation issues and come up with sound tax planning solutions.
CPA Coaching or Training in China and Hong Kong
The primary functions performed by CPAs relate to assurance services. In assurance services, also known as financial audit services, CPAs attest to the reasonableness of disclosures, the freedom from material misstatement, and the adherence to the applicable generally accepted accounting principles (GAAP) in financial statements. CPAs can also be employed by corporations—termed “the private sector”—in finance functions such as Chief Financial Officer (CFO) or finance manager, or as CEOs subject to their full business knowledge and practice. These CPAs do not provide services directly to the public.
Although some CPA firms serve as business consultants, the consulting role has been under scrutiny following the Enron scandal where Arthur Andersensimultaneously provided audit and consulting services which affected their ability to maintain independence in their audit duties. This incident resulted in many accounting firms divesting in their consulting divisions, but this trend has since reversed. In audit engagements, CPAs are (and have always been) required by professional standards and Federal and State laws to maintain independence (both in fact and in appearance) from the entity for which they are conducting an attestation (audit and review) engagement. However, most individual CPAs who work as consultants do not also work as auditors.
CPAs also have a niche within the income tax return preparation industry. Many small to mid-sized firms have both a tax and an auditing department. Along with attorneys and enrolled agents, CPAs may represent taxpayers in matters before the Internal Revenue Service.
Whether providing services directly to the public or employed by corporations or associations, CPAs can operate in virtually any area of finance including:
- Assurance and attestation services
- Corporate finance (merger and acquisition, initial public offerings, share and debt issuings)
- Corporate governance
- Estate planning
- Financial accounting
- Governmental accounting
- Financial analysis
- Financial planning
- Forensic accounting (preventing, detecting, and investigating financial frauds)
- Income tax
- Information technology, especially as applied to accounting and auditing
- Management consulting and performance management
- Tax preparation and planning
- Venture capital
- Financial reporting
- Regulatory compliance
CPA Coaching or Training in China and Hong Kong: Eligibility
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 designation was first established in law in New York State on April 17, 1896.
Eligibility to sit for the Uniform CPA Exam is determined by individual state boards of accountancy. Many states have adopted what is known as the “150 hour rule” (150 college semester units or the equivalent), which usually requires an additional year of education past a regular 4 year college degree, or a master’s degree. (As such, universities commonly offer combined 5-year bachelor’s/master’s degree programs, allowing a student to earn both degrees while receiving the 150 hours needed for exam eligibility.)
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