Accounting certifications come in several different forms. Distinguishing the differences between them is key when you’re trying to decide which one is right for you.
With so many abbreviations, things can get confusing. I’m going to break it down to make things simple and straightforward.
One of the most common designations is that of the CPA (Certified Public Accountant), Tamen, just because it’s widely known doesn’t mean it’s the right title for you. Let’s do a CIA vs CPA comparison to find out just how different these positions are.
CIAs, spend most of their time conducting internal audits. CIAs are responsible for ensuring that all the i’s are dotted and t’s are crossed when it comes to a company’s’ financials.
This position requires a high level of morality to ensure that money is not being defrauded or misused in any way.
CPAs, on the other hand, have a broader certification and may be responsible for performing a number of different jobs, such as income tax preparation, Registri tenanta, consulting, and auditing financial statements to make sure that these are in accordance with GAAP.
CPAs must pass a series of 4 Rigoraj testoj #fari?i licencita. Each state has its own educational and experience requirements for CPA licensure.
Edukado kaj Laboraj Postuloj
#Anta? ol vi povas #fari?i Atestita Interna Kontrevizoro, you must meet certain educational requirements.
CIAaj kandidatoj devas kompletigi 4 Jara #po?to-duaranga grado de akreditita universitaton. You will be required to show proof of completion by providing a copy of your degree or transcripts, #A? letero de konfirmo de via universitato.
Once you have completed your degree you must gain 2 Jaroj de revizia laboro sperto. If you decide to pursue a master’s degree, #Tio ?i kalkulos por 12 De la 24 months of work experience.
#?Is #?us, no amount of work experience could be substituted for the educational requirement, but the rules have changed. Candidates are now eligible to sit and study for the CIA exam if they have:
Completed 2 years of post-secondary school in addition to having 5 Jaroj de labora sperto en la revizianta kampo
Completed 7 Jaroj de konfirmita laboran sperton en la revizianta kampo.
One of the major differences between a CIA and CPA is their respective education requirements. The state in which you plan to practice as a CPA determines specifically how much education you must have.
Ekzemple, in Delaware you are required to have a bachelor’s degree plus 2 Jaroj de #?enerala kontada laboro sperto akiri vian CPAan licencon. Tamen, En Kalifornio vi devas diplomitan gradon (150 Kreditoj) Kaj 1 year of accounting work experience to get licensed as a CPA. Unlike CIAs, who are nationally certified, CPAs must obtain a license for each state in which they practice.
Prenanta la Ekzamenon
The CIA exam has recently been condensed from a 4-part exam to a 3-part exam.
Parto 1 of the CIA exam focuses on internal audit activity, Objektiveco kaj konceptoj de administrado. ?i #anka? kovras kiel identigi riskojn, management, and planning.
Parto 2 encompasses everything from audit engagements and fraud to document and report audits.
The final part of the CIA exam covers business analysis and information technology.
To become a CPA you must pass 4 separate exams. The four sections of the CPA exam are:
Audit and Attestation (AUD)
Financial Accounting and Reporting (FAR)
Business Environment and Concepts (BEC)
As you can see, both career paths require quite a lot of schooling and work experience. For many people it comes down to what will be most profitable in the future, which brings us to a comparison of the salary of a CIA vs CPA.
With most positions, salaries vary quite a bit depending on whether you are an entry-level hire or sit in a corner office among the other partners in your firm.
According to Payscale.com, Internal Auditors make between $47,800 Kaj $58,500 a year, with senior and management level internal auditors making closer to $100,000 or more. Payscale.com lists the salary range of a CPA as between $41,800 Kaj $98,400 a year, with senior level experienced CPAs making as much as $125,000, if not more.
Nature, depending on your motivation and ability to move up the career ladder, you have the potential to earn significantly more in both careers.
Se vi havas ajnan sperton kun #?i tiu 2 accounting designations and would like to share it with our readers, Bonvolu lasi rimarkon en la skatolo sub, I?? Amo #a?di de vi!