The CPA requirements and ethical provisions guide accountants as they perform their duties. While there are universal codes, each state has its own requirements and ethic provisions. In this instance, the paper examines the similarities and differences between Texas and Virginia.
The first thing to look at is the specific state requirements. In Texas, one has to have a bachelor’s degree in accounting comprised of 150 educational hours. Moreover one has to have nine semester credit hours of units that include intermediate accounting, accounting theory, managerial or cost accounting, financial statement analysis, control and risk assessment accounting, and accounting research. Besides, one should have 12 semester credit hours in units like financial accounting taxation, management information systems, as well as accounting information systems. Virginia also has the same stipulations as a person needs 150 semester hours of education, a baccalaureate or a higher degree with an accounting concentration to qualify for CPA.
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The second aspect pertains to the fees. In Texas, the application fee is $50.00, while the reapplication fees for the exams will vary. Further the Auditing and Attestation costs $208.40, the Business Environment and Concepts (BEC) costs $208.40, the Financial Accounting and Reporting (FAR) is $208.40, and Regulation (REG) costs $208.40. In Virginia, the application fee is $120, the Auditing and Attestation costs $210, a $20 re-examination application, and a $25 fee for transferring exam scores.
The final comparison is the ethical guidelines. CPA candidates in Texas have to pass the Texas Rules of Professional Conduct exam. The pass mark score is 85 percent. In Virginia, must complete the Virginia -Specific Ethics Course annually, along with 8 hours of A&A (VBOA). Overall, whereas there are some deviations, the core requirements between the states remain the same.
