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

CPA Staff Internal Audit And Details About CPA

CPA  Staff Internal Audit

CPA  Staff Internal Audit: AICPA Internal Audit’s primary mission is to provide an independent review and appraisal of the organization’s operating and internal control environment.

As a service to the Board of Directors and to all levels of management, Internal Audit is committed to helping the AICPA achieve an optimal internal control environment.

The AICPA’s Internal Audit Department personnel are credentialed Professionals holding various certifications such as

  • Certified Public Accountant (CPA)
  • Certified Internal Auditor (CIA)
  • Certified Information Systems Auditor (CISA)

CPA  Staff Internal Audit: Internal Audit Functions

  • Audit Committee Reporting
  • CPA Exam Operational and IT Controls Reviews
  • External Audit Assistance
  • Internal Audit Risk Assessment and Annual Audit Planning
  • IT Audits and Reviews
  • Operational Audits and Reviews
  • Recommendations to Management

CPA  Staff Internal Audit

AICPA’s Internal Audit Department Objectives and Strategy is to provide reasonable assurance to the Audit Committee and support management in its annual assertion as to the reliability of internal controls over financial reporting and safeguarding of assets as well as to help the organization continually improve operational effectiveness and compliance with laws and regulations.

Internal Audit is committed to providing superior professional service and will adhere to guidelines established by the Institute of Internal Auditors and the Information Systems Audit and Control Association relating to independence, objectivity, professional proficiency, scope and performance of work. In addition, Internal Audit staff is encouraged to join professional associations and obtain or maintain certifications that enhance their proficiencies and skills.

CPA  Staff Internal Audit: AICPA Office Locations

North Carolina

New Jersey – Ewing

New York

Washington, D.C.

CPA  Staff Internal Audit: CPA Overview

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.)

The Uniform CPA Exam tests general principles of state law such as the laws of contracts and agency (questions not tailored to the variances of any particular state) and some federal laws as well.

CPA Staff Internal Audit: AICPA membership

The CPA designation is granted by individual state boards, not the American Institute of Certified Public Accountants (AICPA). Membership in the AICPA is not obligatory for CPAs, although some CPAs do join. To become a full member of AICPA, the applicant must hold a valid CPA certificate or license from at least one of the fifty-five U.S. state/territory boards of accountancy; some additional requirements apply.

AICPA members approved a proposed bylaw amendment to make eligible for voting membership individuals who previously held a CPA certificate/license or have met all the requirements for CPA certification in accordance with the Uniform Accountancy Act (UAA). The AICPA announced its plan to accept applications from individuals meeting these criteria, beginning no later than January 1, 2011.

CPA Staff Internal Audit: 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, Texas prohibits 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 Staff Internal Audit Canada 

Certified General Accountant (CGA) is a professional designation granted to Canadian accountants. A person who meets the education, experience and examination requirements of the Certified General Accountants of Canada (CGA-Canada) is entitled to use the professional designation and add the letters “CGA” to their title. A CGA is jointly a member of CGA-Canada and a provincial or territorial CGA association, or a CGA association overseas.

CGAs work throughout the world in industry, commerce, finance, government, public practice and the not-for-profit sector. CGA-Canada is working with the Chartered Professional Accountants of Canada (CPA Canada) to integrate operations under the CPA banner in 2014. Those with a CGA designation will be automatically granted the Chartered Professional Accountant (CPA) designation and are required to use both concurrently until 2024, (noted as CPA, CGA) and then adjust to the CPA designation alone.

CPA Staff Internal Audit

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 *