REG question: need CPA license for auditing?

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  • March 8, 2014 at 6:47 pm #184272
    Anonymous
    Inactive

    Pittsburg does not have a CPA license. Which of the following activities may he properly perform?

    A. Auditing.

    B. Preparing tax returns.

    C. Examining prospective financial information in accordance with SSAE.

    D. All of the above.

    Answer: B, No CPA license is needed to prepare a tax return.

    Is it just me or is that kind of confusing? There are a lot of people who are auditors who do not have their CPA license yet.

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  • March 8, 2014 at 6:50 pm #525194
    Anonymous
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    You have to have a CPA license to sign off on the audit, not to work on an audit. I think they are referring to who can actually attest that the information from the audit is correct and that comes from the signature, which requires a CPA.

    March 8, 2014 at 6:50 pm #525251
    Anonymous
    Inactive

    You have to have a CPA license to sign off on the audit, not to work on an audit. I think they are referring to who can actually attest that the information from the audit is correct and that comes from the signature, which requires a CPA.

    March 8, 2014 at 8:24 pm #525196
    Anonymous
    Inactive

    Ah, gotcha. That makes a lot more sense. Thanks CPAMommyof3.

    March 8, 2014 at 8:24 pm #525253
    Anonymous
    Inactive

    Ah, gotcha. That makes a lot more sense. Thanks CPAMommyof3.

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