Introduction
A CPA course may be a right decision for you. How? Let me help you. A Certified Public Accountant, or CPA, is one of the demanding course in finance and accounting profession in all over the world. CPA is administered by the American Institute of Certified Public Accounts, or AICPA.
Scope of CPA in India
US CPA designation is recognised all over the world and has its scope not just in the US or India but around the world. A Certified Public Accountant is being hired by different divisions of US-based multinational companies (MNCs) which are present all over the world including India.
The BIG4 is the dream of every accounting student because they are a leading professional accounting organization that provides accounting, taxation, auditing, assurance, etc., to deal with clients all over the world. These include organisations like KPMG, Deloitte, Price Waterhouse Coopers (PwC), and Ernst & Young (EY). These firms are popular for hiring CPAs in India.
CPAs are capable of handling international financial accounting and corporate governance efficiently. Therefore, they can start their career outside of India as well and can look for opportunities outside of India that may pay them better and even give better working conditions.
Career options in CPA
Financial Accounting
CPAs can be a part of financial accounting they are capable of preparing and reviewing balance sheets. For example, inspection of company spending and savings to present a view of the company’s future.
Corporate Finance
CPAs can be an integral part of the Initial Public Offering (IPO) or Further Public Offering (FPO) as they understand the accounting consequences and acquisition aspects. They can also counsel the management about strategic moves of the company.
Assurance and Attestation Service
Attestation is a type of assurance service that CPA firms often provide. For instance, it might involve the financial statement review and the organization’s internal audit. Assurance also services need a high degree of impartiality, honesty, and independence.
Internal Auditing
CPA can also perform the work of Internal audit that follow the best practices to control and manage risks effectively. Internal auditing is a consulting activity and an objective assurance that adds value and improves a company’s financial operations.
Financial Advisor
Financial Advisor are the emerging market and very high in demand because everyone don’t know that how to manage their funds. CPAs can serve as financial advisors to make informed financial decisions on their behalf which include decisions like home purchases, starting a business, and retirement planning.
Risk Management and Advisory
CPAs are also recognized in risk management firms as they can perform work as Risk Consultants or Managers in consulting firms or large corporations. Roles focusing on financial risk assessment and mitigation strategies
Corporate Leadership
CPAs are recognized for corporate Leadership which includes Chief Financial Officers (CFOS) or Finance Directors in multinational companies. High-level strategic roles involving overall financial stewardship and decision-making.
Frequently Asked Questions (FAQs)
What kind of Jobs US CPA finds in India?
US CPAs can work in various roles, including auditing, tax consulting, financial analysis, risk management, and strategic financial roles in different sectors.
Can US CPAs find work opportunities abroad?
Yes, the US CPA qualification is recognized globally, offering diverse career opportunities worldwide in countries like Australia, Canada, and the UK.
Why is the US CPA qualification valued in India?
It’s valued for its global recognition, expertise in international accounting standards, and the wide range of career opportunities it offers in various industries.