What is a CPA?
In general, businesses need financial and tax advisors. However, if you’re wondering about whether to hire a CPA or an accountant, it’s helpful to understand exactly what having a CPA designation means.
The title “Accountant” is generic. It refers to a financial professional who knows accounting rules and regulations, including Generally Accepted Accounting Principles (GAAP).
CPAs, on the other hand, are accountants who have passed rigorous licensing examinations. A CPA designation is internationally recognizable and earning the CPA title demonstrates an incredible commitment to the profession.
Not only do CPA requirements include initial exams, but a Chartered Professional Accountant (CPA) must continually meet licensing requirements set forth by the Chartered Professional Accountants of Alberta (CPA Alberta). This provincial professional organization ensures the high standards for the CPA title are met and maintained and operates under the provincial Chartered Professional Accountants Act.
Want to read more? Click below to find out why you should hire a CPA.