Question

The use of the Certified Public Accountant title is regulated by:

A) the federal government.
B) state law through a licensing department or agency of each state.
C) the American Institute of Certified Public Accountants through the licensing departments of the tax and auditing committees.
D) the Securities and Exchange Commission.

Answer 1

The title of Certified Public Accountant is regulated by state law through a licensing department or agency of each state.

Step-by-step explanation:

The use of the Certified Public Accountant (CPA) title is regulated by state law through a licensing department or agency of each state.

This regulation ensures that only qualified individuals who have passed the Uniform CPA Examination and met other state-specific requirements are legally permitted to use the CPA title and practice public accounting.

While the American Institute of Certified Public Accountants (AICPA) provides professional standards and guidance, it does not regulate the licensure of CPAs.

Additionally, the Securities and Exchange Commission (SEC) regulates the investment industry and public companies, but the licensing of CPAs is not within its direct purview.

The use of the Certified Public Accountant (CPA) title is regulated by state law through a licensing department or agency of each state.

Each state has its own set of requirements and exams that individuals must pass to become licensed as a CPA.

For example, in the state of California, the California Board of Accountancy regulates the use of the CPA title and oversees the licensing process.