Question

What are the requirements for the CPA (USA) license for State of Maryland (where there is no USA citizenship or residency requirement) and one other state which requires no citizenship or residency

Answer 1

1) What are the requirements for the CPA (USA) license for State of Maryland (where there is no USA citizenship or residency requirement) and one other state which requires no citizenship or residency?

Answer:

The economy of Maryland is interesting in that the Maryland government is more concerned with the ways in which the residents are faring economically, than a metric like the Gross Regional Product (GRP- what the state is able to manufacture and sell for revenue). According to the U.S. Census Bureau, Maryland households are currently the wealthiest in the country, with a 2016 median household income of $72,483. This is up $20k from the median household income in the country, which is about $53,000. Maryland also has one of the lowest poverty rate in the country at 7.8%.

With such a strong economy through the measure of personal income, CPAs in Maryland are essential to assist these individuals in handling their finances, as well as the government, companies, and businesses that operate in the state. According to the Bureau of Labor and Statistics from the Department of Labor, the expected growth for CPAs and other financial advisors in Maryland is 10% between now and 2026. In a state that already employs more than 26,000 CPAs, that means many opportunities for employment in the Old Line State in the coming years. Another great reason to be a CPA in Maryland is that 10 of the largest accounting firms located there have been ranked in the Top 100 Firms to Work For in the Country by AccountingToday. Any CPA who was able to land an internship with one of these firms during or after college will have many professional doors opened to them.