Relevance Of CPA in India

Liberalization has seen huge inflows of Foreign Direct Investment (FDI) over the last few years. A number of transnational and multinational companies have set up shop in India, requiring people in the accounting profession who have knowledge of U.S. GAAP and GAAS.

Indian corporates too, due to listing requirements of U.S. Stock Exchanges or otherwise, are increasingly requiring specialists with knowledge of the U.S. GAAP, especially CPAs.

Other factors which have led to the CPA becoming a sought after career are the emergence of India as a superpower in Information Technology (IT) and Business Process Outsourcing (BPO) industries. Since most of the Indian BPOs are carrying out accounting, taxation and other back office activities for US companies in India, in-house CPAs are in great demand in India.


Career Advancement

• CPA is the highest qualification in accountancy in the U.S. and enjoys international recognition. Therefore job opportunities for CPAs exist all over the world.
• If you are already employed, a CPA qualification, which certifies your knowledge of USGAAP and US-GAAS, helps improve your prospects.
• Increased confidence and competence.
• Recognition as a member of an elite group of professionals.

Eligibility

1. Chartered Accountants
2. ICWAs
3. Company Secretaries
4. PE IIs or Inter CAs
5. MBAs
6. Post Graduates with accounting background
7. Commerce Graduates
8. LLBs