One of the prerequisites to becoming a professional accountant-auditor is the CPA Certification. To own this certificate, you need to have a full convergence of skills as well as in-depth knowledge.
What is a CPA certificate?
What is a CPA certificate? This is a certificate for people working in the accounting and auditing industry. The certificate is called an accountant practicing certificate recognized by domestic and international professional associations.
What is a CPA certificate?
In English, this type of certificate is an acronym for Certified Public Accountants. Auditors and accountants who possess this certificate can work freely. These are like powerful “passports” that help you position your personal brand to take on independent projects.
Currently in Vietnam, accountants/auditors usually take the CPA, or CPU (Australia) certification. These are two types of certifications that can demonstrate competence and are critical to your ability to become a real lead auditor.
Also according to the regulations in our country to become a member of the Vietnam Association of Certified Public Accountants (VACPA) requires you to have an Auditor certificate. According to the Law on Independent Auditing, Article 14 clearly states that CPA-certified auditors will have the right to conduct audits and sign audit reports.
Benefits of having a CPA . Certificate
For individuals who are working or planning to pursue a career in accounting or auditing, the CPA Certificate is especially important. Detail:
Owning this certificate means that your ability is recognized and can become a professional accountant, towards the position of Chief Accountant, or as an independent service. In addition, you can play the role of a consultant, managing personal or corporate finance. Register to set up private businesses in this field.
What is a CPA certification? What’s the benefit? a way for the State to actively manage accounting activities in a specific way. In addition, this degree also has a direct impact on the income level of accountants. Usually the salary will be much higher than those without a certificate. Even the amount charged up to 1000-2000 USD/month can also be higher based on his capacity and working experience.
Therefore, people who work in this industry often work very hard to pass the certification exam, besides affirming themselves, they also increase their salary and have the opportunity to develop themselves in higher positions.
CPA diploma is the clearest evidence that is recognized by a reputable agency for you to prove your ability to recruitment agencies. Businesses can screen candidates easily. Besides, employees can also actively search for attractive jobs , with salaries commensurate with their abilities.
How long is the CPA certificate valid?
In our country, the CPA Certificate is issued by the Ministry of Finance to an individual after passing a standardized exam. Certification is an important basis for assessing the capacity and qualities of a good accountant. What is a CPA certificate? How long is the CPA certificate valid?
According to Circular 202/2012/TT-BTC guiding the registration, management and publicization of the list of auditors practicing auditing, clearly stating the accounting and auditing practice certificates, the maximum term is 5 years. However, no later than December 31, when the fifth year is reached.
If individuals who already own this certificate need to be very careful about the validity period. If the date is over, you need to re-register for the exam to ensure that the certificate is still valid for your working process.
The content of the CPA certification exam requires a very broad knowledge. This requires you to have a process of study, research and practical work experience to be able to complete well.
The Auditor certification exam includes:
- Economic Law, Enterprise Law.
- Finance, advanced financial management.
- Tax, advanced tax management.
- Auditing, advanced assurance services.
- Foreign languages: English, Russian, German, French or Chinese.
Exam for the Certificate of Accounting Practice:
- Accounting, advanced assurance services
- Advanced financial analysis.
- Foreign languages: English, Russian, German, French or Chinese.
Conditions for taking the exam to get CPA accounting certificate in Vietnam
What is a CPA Certified Public Accountant? What are the contest conditions? To achieve CPA certification, you must meet all the conditions to take the full exam. This is a national certification, so it requires very high requirements. According to Article 4, Circular 91/2017/TT-BTC replacing Circular 129/2012/TT-BTC on management and examination for the issuance of accounting and auditing practice certificates, candidates who take the CPA Certificate exam must meet the following conditions:
- Ethics, honesty with the profession, always well abide by the provisions of the Law. Absolutely do not violate the provisions of the Law and issues of professional ethics until the time of the official exam.
- Have a full university degree or higher majoring in: finance, banking, accounting, auditing. Or other majors but have the total number of subjects: Finance, accounting, tax, auditing, …. 7% or more. In addition, there must be certificates of completion of courses organized by international accounting and auditing organizations.
- Having working experience in Accounting, Auditing, Finance at least 5 years in accounting or finance position. 4 years in audit position. 48 months as an audit assistant and have worked in practice at businesses in this field from the time of graduation (temporary or official) to the time of taking the certification exam.
