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About the profession of a CPA
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Why is the work of a CPA of major importance in Germany as well? |
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Why is the work of a CPA of major importance in Germany as well?
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Why is the work of a CPA of major importance in Germany as well? |
| Due to the increasing internationalization of economy there are many changes within the sector of accounting and financial reporting. |
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As of 2005 listed corporations are required to prepare their annual financial statements on the basis of IAS/IFRS. International standards are strongly linked to US-GAAP. |
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Corporations are not listed at the stock exchange can prepare consolidated and individual annual finance statements, respectively, voluntarily according to IAS/IFRS. |
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Numerous (also medium-sized) subsidiaries of foreign companies already do prepare their annual financial statements according to international standards today in order to report to their parent company. In the wake of succesion regulations an increasing number of companies will be taken over by international corporations. In return many German medium-sized companies invest in foreign companies. |
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Export and global markets require active negotiations with foreign business partners or investors for most companies. A CPA is internationally acknowledged. |
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A CPA delivers proof of competence in finance and accounting approved by 500.000 individuals worldwide. It is an alternative to CMA, CFA, WP StB and other similar postgraduate professions. |
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| For the time being, there are approximately 1,000 Certified Public Accountants in Germany. |
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