Asked by Makayla Kortz on Jun 23, 2024
Verified
Certified public accountants are licensed after they pass a federal accountant's exam.
Certified Public Accountants
Licensed accounting professionals who have passed a national exam and met state requirements, and are qualified to perform accounting, auditing, and tax services.
Federal Accountant's Exam
A standardized examination that aspiring accountants in the United States must pass to be credentialed at the federal level.
- Acquire knowledge on the criticality and implementation of Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS).
Verified Answer
SS
Sukhraj SinghJun 28, 2024
Final Answer :
False
Explanation :
Certified public accountants (CPAs) are licensed by individual states, not at the federal level, after passing the Uniform CPA Examination.
Learning Objectives
- Acquire knowledge on the criticality and implementation of Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS).