A Certified Public Accountant (CPA) is the highest standard of competence in the field of Accountancy across the globe. The CPA exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world’s largest accounting body.
CA and CPA: A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US Generally Accepted Accounting Principles (GAAP), IFRS (International Financial Reporting Standards), Generally Accepted Accounting Standards (GAAS),US federal taxation and business laws. This gives great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.