Should I use an Accountant or a CPA – Does it really matter?

Stacey Gorowitz

By Stacey Gorowitz, CPA, MBA As a CPA in public accounting I often find many differences between a CPA and an accountant who is not a CPA. There are, of course, legal and licensing requirement differences, some of which are listed below. However, from a practical standpoint, does it make a difference to you as a person who needs to get your business financials in order? A few key differences are: Continued Education – a CPA is required to take a minimum of 40 hours of continued professional education per year. Continued education can be in many disciplines including tax law, financial statement reporting standards, ethics and technology to name a few. Education – a CPA is required to have at least an additional year of accounting courses beyond a 4-year accounting degree and typically studies extensively for the CPA exam, which covers extensive complex material beyond what is mastered in an undergraduate accounting degree. Financial statements - a non-CPA cannot … [Read more...]