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Hello everybody,
I just passed all exams and wait to get my CPA license. However, I don’t have any public work experience and I am working in a private company as a staff accountant for 3 years.
Vermont has certain requirements for industry experience but their rules are very unclear.. What exactly are they looking for so that industry experience also qualified for CPA application? I am so worried that my experience are not able to meet their requirements. These are rules that I got from Vermont website: Do I need to satisfy all of these experiences??
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Non-public accounting experience shall consist of a portfolio of experience of such non-routine accounting nature that continually requires independent thought and judgment on important accounting matters.
(1) The experience may have resulted in reports which comment on the financial condition and operating results of the agency or organization being audited and should be prepared for an executive function which does not have operating responsibility or control for the organization, department, division, or other entity being reported upon.(2) The applicant’s experience may include:
i. assessing the adequacy of the employer’s internal controls by developing an understanding of the employer’s transaction streams and information systems;
ii. tax return preparation and research, preparation and analysis of financial statements, cost accounting, budgeting and the application of accounting principles; and
iii demonstrating a working understanding of the industry in which the applicant’s employer operates, including the employer’s competition and key competitiveness factors that affect the industry.
——————————————————————————————-I don’t prepare tax returns. My job is to prepare financial statements, do some analyse, prepare journal entries, help controller in auditing, prevent fund abuse, etc. Are my experience OK to apply? This is so confused..
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