Sripal Jain CA, CPA
Quick Summary
CPA in simple words is equivalent to Chartered accountancy of India. US Chartered accountants are known as CPAs. The acronym CPA stands for Certified Public Accountant. As per the latest news, the CPA exam will be in India every month from 2021 - Continuous Testing Window stating now exams can be
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FAQ :
In India, a CPA stands for Certified Public Accountant, which is the US equivalent of a Chartered Accountant (CA).
The CPA exam has been available in India every month since 2021, with a continuous testing window allowing retakes in the same month.
The CPA exam is generally considered less tough than the CA exam, with a pass rate of around 55% compared to the CA's 10%. It can also be completed in approximately 10 months.
The CPA exam consists of four parts: Financial Accounting and Reporting, Business Environment and Concepts, Auditing, and Regulation. It is computerised, with 50% multiple-choice questions and 50% simulations, and has no negative marking.
With many US companies operating in India, a CPA qualification alongside a CA can open up significant job opportunities, particularly in industry roles, due to the global recognition of the CPA.
The CPA exam in India is estimated to cost around 3.25 lakhs INR, which includes training, exam fees, and application fees.
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