Do you intend to pursue a CPA or CA qualification? If so, which one would you...

Do you intend to pursue a CPA or CA qualification? If so, which one would you choose and why?

Expert Solution

American Institute of Certified Public Accountant conducts CPA examination . A professional after fufilling education and work experience requirements becomes a Certified Public Accountant. These professionals are expert in accounting, audit , taxation , US Gaap, etc.

A professional who passes CA exams conducted by authorised Institute (eq.ICAI in India) and the required education along with requisite work experience becomes a Chartered Accountant in his or her country of certification. CA is a expert in accountancy, audit , taxation ,accounting standards, IFRS, etc.

Knowledge requirement and reponsibilities for both CA or CPA has very little difference but after passing an equivalency exam one CA can work as CPA in US. If one wants to be an expert in US GAAP then one must choose CPA . If one wants to expertise in IFRS then one must choose CA.

Nothing is better than other as they draw almost equivalent salaries but the whole situation depends upon the work scenario ,location,job location, work experience,etc.

ekkarill92 answered 1 year ago

What pathways are available to you if you do not obtain a CA or CPA qualification?

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