Key Differences Between CA and CPA
The significant differences between CA and CPA are mentioned below:
- The degree offered to the qualified accountants in India is known as Chartered Accountants (CA). Certified Public Accountant (CPA) refers the accounting designation given to the professional accountants in the United States.
- The CA course is governed by the world’s second largest accounting body, namely the Institute of Chartered Accountants of India (ICAI). Conversation CPA is regulated by the world’s largest accounting body, i.e. American Institute of Certified Public Accountants.
- The CA course takes at least four years to complete whereas CPA can be completed within one year.
- After passing 10+2 exam, any person is eligible to appear in the entry level exam in case of a CA. In contrast to CPA, the eligibility differs on the basis or the state or jurisdiction but 150 semester hours is the basic criteria for a maximum number of states.
- For becoming a Chartered Accountant a person has to qualify three levels of the exam. On the other hand, a person can become a CPA by qualifying four exams.
- CA exam conducted for Level 1 – June & December, Level 2 & 3 – May & November. As opposed to CPA there are four testing windows in a year.
- The cost and expenses in pursuing CPA are higher than CA.
- The institute provides study material in pursuing CA but this is not so with CPA.
For more info Click Here