I heard somewhere you dont need a bachelors to sit for the CPA exam but a certain number of specific credits Is that true?

Answer 1

The following is written by and according to the U.S. Department of Labor and particular to the education and training required for a CPA. Licensure and certification. Any accountant filing a report with the Securities and Exchange Commission (SEC) is required by law to be a Certified Public Accountant (CPA). This may include senior level Accountants working for or on behalf of public companies that are registered with the SEC. CPAs are licensed by their State Board of Accountancy. Any accountant who passes a national exam and meets the other requirements of the State where they practice can become a CPA. The vast majority of States require CPA candidates to be college graduates, but a few States will substitute a number of years of public accounting experience for a college degree. As of 2007, 42 States and the District of Columbia required CPA candidates to complete 150 semester hours of college coursework-an additional 30 hours beyond the usual 4-year bachelor's degree. Several other States have adopted similar legislation that will become effective before 2009. Colorado, Delaware, New Hampshire, and Vermont are the only States that do not have any immediate plans to require the 150 semester hours. In response to this trend, many schools have altered their curricula accordingly, with most programs offering master's degrees as part of the 150 hours. Prospective accounting majors should carefully research accounting curricula and the requirements of any States in which they hope to become licensed. All States use the four-part Uniform CPA Examination prepared by the American Institute of Certified Public Accountants (AICPA). The CPA examination is rigorous, and less than one-half of those who take it each year pass every part they attempt on the first try. Candidates are not required to pass all four parts at once, but most States require candidates to pass all four sections within 18 months of passing their first section. The CPA exam is now computerized and is offered 2 months out of every quarter at various testing centers throughout the United States. Most States also require applicants for a CPA certificate to have some accounting experience; however requirements vary by State or jurisdiction. Nearly all States require CPAs and other public accountants to complete a certain number of hours of continuing professional education before their licenses can be renewed. The professional associations representing accountants sponsor numerous courses, seminars, group study programs, and other forms of continuing education. For the source and more detailed information concerning your request, click on the related links section (U.S. Department of Labor) indicated directly below this answer section.