Join Your Exam WhatsApp group to get regular news, updates & study materials HOW TO JOIN

Details on CPA Coaching or Training in Vietnam

CPA Coaching or Training in Vietnam

CPA Coaching or Training in Vietnam: 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.

CPA Coaching or Training in Vietnam: 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.

CPA Coaching or Training in Vietnam: CPA Australia has two representative offices in Vietnam that hold events throughout the year for Members and prospective members, including career information sessions, award ceremonies and networking sessions.

Memorandum Of Understanding between the Vietnam Association Of Certified Public Accountants(VACPAand the Institute Of Certified Management Accountants Australia (ICMA)

  1. Purpose of the MOU

The purpose of the MOU is to strengthen cooperation between the two sides in professional development and professional community in Vietnam.

  1. Duration of the MOU

Memorandum duration is 5 years from the date of signing.

  1. Contents of the MOU

The two sides will cooperate in sharing information and professional experience in Vietnam (the country), paying special attention to cooperation in the field of membership management, professional development and professional ethics, updating their knowledge, quality control, training and career development;

CPA Coaching or Training in Vietnam

The two sides will cooperate, participate, organize conferences, seminars and joint activities to bring benefits to both sides, focusing on the emerging fields of interest in the accounting profession in Vietnam, including that the ICMA will provide speakers for conferences and annual VACPA’s continuous updated training for its members;

The two sides will promote the mutual cooperation in their respective activities, events and publications;

The ICMA will provide scholarships for VACPA members to attend the CMA program in Vietnam;

VACPA members will be admitted as Associate ICMA members on the basis of being a member of VACPA. Associate members may become certified members (Full CMA Member) of ICMA after completing CMA program. Such CMA members must maintain their membership of VACPA.

The two sides will engage in other activities of the mutual cooperation;

The two sides agree that the MOU is not exclusive; and that each party can cooperate with other partners in the region and internationally, in accordance with the capacity of each party.

The two sides agree to set up a Liaison Committee to implement the agreement as per this MOU. Program specific actions will have a two-year agreement through the Liaison Committee and will be recognized in a specific action plan.

The two sides agree to the contents of the Memorandum of Understanding and on the implementation and the commitment towards cooperation and sustainable development goals for professional career development.

CPA Coaching or Training in Vietnam

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 Vietnam: 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.)

CPA Coaching or Training in Vietnam

www.cakart.inprovides India’s top CPA faculty video classes – online & in Pen Drive/ DVD – at very cost effective rates. Get CPA Video classes from www.cakart.in to do a great preparation for primary Student.

Watch  CPA  sample lecture Here
Watch CPA free downloads  Visit cakart.in downloads section

Leave a comment

Your email address will not be published. Required fields are marked *