Question 1

What is the average salary of a CPA professional in India?

Accepted Answer

The average salary of CPA professionals with 1-4 years of experience is around Rs. 6 -7 LPA in India.

Question 2

Are CPA professionals in demand in India?

Accepted Answer

Yes, since MNCs and Big4s are rising in India, the demand for CPA certified professionals is progressing. CPA certification holders are giving preference over CAs because they have in-depth knowledge of subjects like US GAAP, IFRS & US Compliance & Taxation. In contrast, CA only has proficiency in Indian GAAP.

Question 3

How is the CPA exam different from the CA exam?

Accepted Answer

The CPA exam is governed by the American Institute of Certified Public Accountants (AICPA), US. It is a Single-level exam with 4 papers and is recognized in the US as well as globally. The CA is governed by Institute of Chartered Accountants of India (ICAI) and is a 3-level exam with 16 papers.

Question 4

Who are the top recruiters hiring CPA professionals?

Accepted Answer

The top recruiters hiring CPA professionals are Deloitte, Accenture, American Express, Philips, PWC, Capgemini, Barclays, Tata Power, KPMG, Genpact, JP Morgan, EY, WNS, and MetLife.

Question 5

As an Indian, what are the eligibility criteria for attending the CPA exam?

Accepted Answer

To become eligible for the CPA exam, an Indian student should have any of the below qualifications: Member of the Institute of Chartered Accountants of India; Member of the Institute of Cost and Works Accountants in India; Member of the Company Secretaries in India; Master of Commerce or MBAs. The minimum education qualification for taking the US CPA exam is CPA exam u2013 120 credits; CPA license u2013 120 credits. In India, 1 graduation year is equal to 20 credits; hence, 3 years B.Com and 2 years of MBA course equal 90 + 60 credits.

Question 6

How many hours of study are required to prepare for the CPA exam?

Accepted Answer

Ideally, candidates must at least give 15-20 hours per week to prepare for the CPA exam.

Question 7

How many times can you take a CPA exam?

Accepted Answer

You can retake the CPA Exam as many times as you would like. However, you can take each section one time per testing window.

Question 8

What is the passing score for the CPA exam?

Accepted Answer

The passing score for the CPA exam is 75. The score for each section of the CPA Exam is reported on a scale that ranges from 0 to 99. To pass a section, you must score a minimum of 75.

Question 9

How long do you have to pass all 4 parts of the CPA exam?

Accepted Answer

The CPA Exam consists of four, four-hour sections. You must pass all four sections within 18 months.

Question 10

Is the CPA exam all multiple choice?

Accepted Answer

All four sections of the CPA Examination consist of multiple-choice questions (MCQs).

Question 11

What is the easiest part of the CPA exam?

Accepted Answer

BEC (Business Environment and Concepts) is considered to be the easiest of all the four sections. It has the highest pass rate. FAR (Financial Accounting and Reporting) is considered to be the most difficult part of the CPA Exam to pass, because it is the most comprehensive section. AUD and REG tend to be middle of the road.

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