Does ACCA, CFA or CMA give credit for CPA? On the other hand, CPA has 4 levels that can be completed within a year.
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CPA is better if a professional wants to upskill on their existing qualifications with something of a global pedigree.ĬA consists of 3 levels with over 20 papers to be completed over the course of 5 years. The scope for both is tremendously high in both India and internationally. The accounting world has two main pillars having international acceptance, IFRS (ACCA) which is followed by more than 180 countries and US GAAP (CPA) which is followed by every company having to comply with US Regulations. The choice between which course to do simply depends upon the career path for any professional. CPA allows a professional to work across the world in any company requiring to follow US GAAP. One of the biggest advantages of CPA is global mobility. A US CPA can practice in their US state and work as a CPA professional across the world in the domains of Tax, audit, finance, accounting advisory, business consulting and much more. CPA scope in India and across the world is increasing as long as US companies keep expanding. The US CPA qualification allows a professional to become a CPA who can practice in their state in USA and work as a CPA professional across the world.Įvery company requiring to comply with the rules and regulations set by authorities in the USA, which is basically every MNC hailing from the US, needs US CPAs in their company to do the same. In countries such as USA, Canada, Australia, the accountants are known as a CPA.
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