CPA Eligibility

AICPA, worlds the largest accounting organisation, administers the CPA exams. Candidates need to pass all four CPA examinations to get membership in the AICPA. The 55-state board of accountancy in the United States who are members of NASBA, on the other hand, awards a CPA license. Each state board has its own set of qualifying requirements that an aspirant must have to receive a CPA designation. The following are some guidelines candidates need to follow to get CPA certification in India:
A Masters degree in commerce, accounting, or finance. To appear for US CPA tests, an aspirant requires 120 credits. To acquire a US CPA license the candidate should have at least 150 credits. One year of university education in India is equivalent to 30 credits in the United States. In some circumstances, first-year graduates of NAAC-A certified Indian universities can also appear for the US CPA exams.

Generally, most Indian B.Com graduates are eligible to take the CPA exam. Every year of university education in India is equivalent to 30-semester credits of US Education, totaling 90 credits at the end of 3 years. If B.Com is completed in 1st division from a NAAC 'A' university, the 3-year B.Com would be treated as 4 years of US education, I. e. , 120 credits for B.Com alone. Having a 2-year Master's degree (e. g. M.Com MBA) contributes to 60 education credits. Further, professional qualifications like CA/CS/CWA are recognised by few States as 2 years of US education. In case yours is a NAAC 'A' college, you'd be able to appear for the exams. Even if that's not the case, you can pursue bridge courses to get the credits. For additional information, you can write to me or visit Miles Education's website.

CPA Eligibility:
As for CPA eligibility, you need 120 credits to appear for the CPA exam and 150 credits for a CPA license. General rule: Every year of university education in India is equivalent to 30-semester credits of US education. Some state boards award credit for international professional qualifications like CA. For international CPA candidates from India, generally 3-year commerce graduates from NAAC A universities who have scored a 1 st division are awarded 120 credits. CPA Scope:
The CPA scope is going to increase exponentially now that the speculation of CPA exams coming to India has been answered. Due to the covid-19 pandemic, CPA exams in India will be held only for the months of June and September 2020. We are hopeful that testing in India will become a reality in the near future and that the period of testing will be extended. Given the international recognition, increasing US-based MNCs in India, the travel cost, and other administrative trouble being resolved, we would be looking at a massive increase in scope for years to come.