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What Is a CPA?

By Robin Hartill, CFPUpdated Jun 5, 2025 at 1:45 AM

Key Points

  • CPAs must pass a rigorous exam and meet state licensing criteria, while accountants don’t need these credentials.
  • Only CPAs can legally perform certain tasks like representing clients before the IRS or providing audited financial statements.
  • The demand for CPAs is increasing as fewer students pursue accounting, leading to a professional shortage.

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