The Certification of Tax Accountancy is one of the two pillars of trustworthiness and credibility that a CPA must have to be considered for CPA membership. It is also an important certification that a potential client can use as a reference when requesting more information on any particular CPA. With this, a potential client can be assured that the tax accountants they are engaged to do business with have been thoroughly checked and verified. Hence, it is essential for any CPA to undergo these two important processes so as to ensure a high level of trustworthiness and reliability in the profession.
What is a CPA license?
The first step in this process is to obtain a CPA license. This license proves that the person is fully knowledgeable about the subject and has passed all the required examinations and courses. Aspiring tax accountants in London need to have at least CPA license number two in order to start doing business. There are numerous London tax accountants who have achieved this coveted title. With this, they are guaranteed of a good reputation. These professionals can also be easily located through online resources or by inquiring their professional references from their former employers or clients.
Successfully Completing the London CPA Exam
The second step to get the certification of confirmation by tax accountant is by successfully completing the London CPA exam. This test is offered every year and is accessible to the public. This exam is available for both new and experienced CPA's. Candidates who successfully pass this exam are then awarded with the certification of confirmation by tax accountant.
Professional Accounting Firms
Professional accounting firms in London also offer the necessary certification for CPA's. Candidates with a CPA license are required to undergo intensive training to prepare them for the certification exam. This includes both classroom teaching sessions as well as hands-on practice. Only the best and most experienced accountants are selected to take the exam that will qualify them to work as tax accountants in London.
As in the case of the license certification, an aspiring tax accountant needs to successfully pass the written section of the exam. Written sections of the exams are composed of two parts and candidates need to complete one segment successfully before moving on to the next segment. Candidates can choose to sit either individually or in teams while taking the written exam. The candidates who successfully complete the exam and obtain the certification of confirmation by tax accountant status are entitled to one hundred and fifty hours of financial consulting hours from accounting firms.
The next step towards obtaining the certification of confirmation status is to successfully complete the practical portion of the exam. To do so, candidates need to meet specific standards set forth by the accounting firm. These standards usually include having a high school diploma or its equivalent. Candidates need to have at least a solid knowledge about taxation laws. For this portion of the exam, candidates are required to pass subjects like mathematics, reading, and analytical skills.
Certification and Confirmation
The certification of confirmation status is only valid for three years. This three-year certification requirement is intended to give accountants a chance to refresh their knowledge on current topics. Candidates who wish to be allowed re-certification must first take and pass a certification exam.
Obtaining the certification of confirmation by tax accountant status is not a complicated process. Candidates who want to become tax accountants need to meet all the basic requirements. They also need to pass the written and practical portions of the exam. Once they pass this part of the exam, they will automatically be allowed to sit for the exam again. Successful completion of this exam will then grant accountants the certification of confirmation status.