The aspiring CPA must receive the certification from the state. “The licensing authority and requirements for CPAs falls under the jurisdiction of the Board of Accountancy for the state, district, or country in which a CPA practices” (AICPA, 2016). The certification is awarded by each state for the individual that is practicing in that region. Therefore, each state’s Board of Accountancy grants the certification and licensure.
Since the certifications are licensed by the state, the education and work requirements to become a CPA differ in each state. The first step in becoming a CPA is meeting the educational requirements. The Wisconsin State Department of Regulation and Licensing requires a total of 150 semester hours of college credit and a minimum of a...
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...elp them achieve higher positions in a company. Compensation for CPAs is expected to increase by 4.7 percent in 2016 (National Association of State Boards of Accountancy [NASBA], 2016).
Just as there are many benefits to obtaining a CPA certification, there are also costs. Costs for becoming a CPA first come from the educational requirements. There are 150 semester credit hours that need to be paid for first. Then, there are costs to take the CPA exam. In Wisconsin, there are specific prices set. An aspiring CPA can purchase one, two, three, or all four parts of the exam. If the individual buys all four parts, it will cost 996.10 dollars in Wisconsin. If the individual wanted to buy each section one at a time, it would cost 1, 542.10 dollars to complete all four parts. There is also an application fee of 150 dollars to submit after passing the exam (NASBA, 2016).
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