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A ______ is an individual who has met state requirements for accounting education and experience and has passed a rigorous accounting exam.

A) CPA (Certified Public Accountant)
B) CFO (Chief Financial Officer)
C) CFA (Chartered Financial Analyst)
D) CIA (Certified Internal Auditor)

1 Answer

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Final answer:

A CPA (Certified Public Accountant) is an individual who fulfills specific state educational and experiential requirements and successfully passes a comprehensive accounting examination. The correct option is A.

Step-by-step explanation:

A CPA (Certified Public Accountant) is an individual who has met state requirements for accounting education and experience and has passed a rigorous accounting exam. This professional is trained to manage accounting tasks such as auditing, tax preparation, and financial planning. The role of a CPA is crucial in ensuring that the financial affairs of individuals, businesses, and organizations adhere to the law and are reported accurately.

In contrast, a CFO (Chief Financial Officer) is a senior executive responsible for managing the financial actions of a company. A CFA (Chartered Financial Analyst) specializes in investment management and securities analysis. Lastly, a CIA (Certified Internal Auditor) focuses on internal auditing practices.

The comptroller of public accounts, while being the chief accounting officer of the state, may or may not be a CPA. However, the comptroller is imperative in maintaining the state's financial integrity through managing accounting records, collecting taxes, and reporting the financial condition of the state.

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