CPA Certifications

Explore the top CPA certifications that are important to a successful career.

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Getting Certified as a CPA

In the world of accounting and finance, becoming a Certified Public Accountant (CPA) is akin to earning a gold standard designation that can unlock doors to prestigious and lucrative career paths. The journey to CPA certification is rigorous, requiring a blend of academic achievement, practical experience, and successful completion of the CPA Exam.

This guide aims to illuminate the path to CPA certification, providing a comprehensive look at the top certifications that can enhance your professional standing, increase your earning potential, and broaden your career opportunities. As the financial landscape grows more complex, the right certification can be a powerful testament to your expertise and commitment to excellence in the field of accounting.

Top CPA Certifications

Certified Information Systems Auditor (CISA)
Information Systems Audit and Control Association (ISACA)
Certified Management Accountant (CMA)
Institute of Management Accountants (IMA)
Certified Internal Auditor (CIA)
The Institute of Internal Auditors (IIA)
Certified Financial Services Auditor (CFSA)
The Institute of Internal Auditors (IIA)
Certified Fraud Examiner (CFE)
Association of Certified Fraud Examiners (ACFE)
Certified Government Auditing Professional (CGAP)
The Institute of Internal Auditors (IIA)
Chartered Global Management Accountant (CGMA)
American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA)
Certified in Risk Management Assurance (CRMA)
The Institute of Internal Auditors (IIA)
Accredited in Business Valuation (ABV)
American Institute of CPAs (AICPA)
Personal Financial Specialist (PFS)
American Institute of CPAs (AICPA)

Best CPA Certifications

Certified Information Systems Auditor (CISA)

Certification Provider
Information Systems Audit and Control Association (ISACA)
Best For
IT Auditors, Information Security Analysts, IT Risk and Assurance Consultants, Internal Auditors, IT Compliance Officers, Information Systems Control Professionals
Description
The Certified Information Systems Auditor (CISA) is a globally recognized certification offered by ISACA that validates an individual's expertise in auditing, controlling, and assurance of information systems. It focuses on the acquisition of skills necessary for assessing an organization's IT and business systems to ensure they are managed and protected appropriately. The certification process involves passing a comprehensive exam and meeting work experience requirements, making it ideal for IT auditors, control professionals, and security practitioners seeking to affirm their proficiency in information systems audit standards and practices.
Includes Certification
Yes
Time to Complete
150-170 hours
Price
$575 - $760
Prerequisites
  • A minimum of 5 years of professional information systems auditing, control, or security work experience (waivers for up to 3 years of experience may be available for related academic achievements or other professional certifications).
  • Successful completion of the CISA examination.
  • Adherence to the ISACA Code of Professional Ethics.
  • Compliance with the Continuing Professional Education (CPE) Policy which requires maintaining and expanding skills and knowledge, including a minimum of 20 CPE hours annually and 120 CPE hours over a three-year period.
  • Agreement to abide by the Information Systems Auditing Standards as set by ISACA.
  • Application for CISA certification must be submitted within 5 years from the date of initially passing the examination.

    • Certified Management Accountant (CMA)

    Certification Provider
    Institute of Management Accountants (IMA)
    Best For
    Management Accountants, Financial Analysts, Finance Managers, Controllers, Chief Financial Officers, Accounting Managers
    Description
    The Certified Management Accountant (CMA) is a globally recognized certification offered by the Institute of Management Accountants (IMA) that signifies expertise in financial management and strategic business performance. Focusing on advanced accounting, management, and analytical skills, the CMA prepares professionals to support financial decision-making in business. The certification process involves passing a rigorous two-part exam and meeting educational and experience requirements, equipping holders with a blend of accounting proficiency and leadership acumen essential for career advancement in the finance sector.
    Includes Certification
    Yes
    Time to Complete
    300-400 hours
    Price
    Prerequisites
  • Bachelor’s degree from an accredited college or university or an equivalent degree as determined by an independent evaluation agency.
  • Two continuous years of professional experience in management accounting or financial management.
  • Membership in the Institute of Management Accountants (IMA).
  • Completion of the two-part CMA exam, which covers financial planning, performance, analytics, and strategic financial management.
  • Compliance with the IMA’s Statement of Ethical Professional Practice.
  • Continuing education requirement of 30 hours per year, including two hours of ethics, to maintain certification.

    • Certified Internal Auditor (CIA)

    Certification Provider
    The Institute of Internal Auditors (IIA)
    Best For
    Internal Auditors, Audit Managers, Risk Management Professionals, Compliance Officers, Quality Assurance Specialists, Financial Analysts with auditing focus
    Description
    The Certified Internal Auditor (CIA) is a globally recognized certification granted by The Institute of Internal Auditors (IIA) for individuals aiming to validate their expertise in internal auditing. This certification focuses on the principles and practices of internal auditing, risk management, governance, and control processes. Earning the CIA designation involves passing a rigorous exam series, adhering to a code of ethics, and meeting educational and professional experience requirements. It equips professionals with the skills necessary to effectively assess an organization's business processes and recommend improvements.
    Includes Certification
    Yes
    Time to Complete
    Price
    Prerequisites
  • A bachelor’s degree from an accredited university (or its equivalent), which will be verified through a documentation process.
  • A minimum of 24 months of internal auditing experience or its equivalent; part-time work can be pro-rated to count toward the full-time experience requirement.
  • Agreement to adhere to the IIA’s Code of Ethics, which sets forth the principles and expectations for the professional behavior of internal auditors.
  • Completion of the CIA exam, which consists of three parts focusing on the fundamentals of internal auditing, practice of internal auditing, and business knowledge for internal auditing.
  • Proof of identification, which must be current (not expired), government-issued, and contain both a photograph and signature.
  • Continuing Professional Education (CPE) hours must be reported annually to maintain certification after passing the exam.

    • Certified Financial Services Auditor (CFSA)

    Certification Provider
    The Institute of Internal Auditors (IIA)
    Best For
    Internal Auditors in Financial Services, Audit Managers in Banking, Risk Management Specialists, Compliance Officers in Insurance, Financial Control Professionals, Senior Auditors with Financial Services Experience
    Description
    The Certified Financial Services Auditor (CFSA) is a professional designation offered by The Institute of Internal Auditors (IIA), tailored for audit professionals specializing in banking, insurance, securities, and other financial services. The certification validates an individual's expertise in auditing principles and practices within the financial services industry, including regulatory compliance, risk management, and financial reporting. Earning the CFSA demonstrates a commitment to excellence in financial services auditing and enhances career advancement opportunities. Candidates must pass an examination and meet specific educational and professional experience requirements.
    Includes Certification
    Yes
    Time to Complete
    Price
    Prerequisites
  • A bachelor's degree or equivalent from an accredited university.
  • A minimum of 24 months of professional experience in financial services auditing, control, or security, which can be substituted by a master's degree for 12 of the 24 months.
  • Agreement to abide by the IIA's Code of Ethics.
  • Completion of the Certified Financial Services Auditor (CFSA) examination.
  • Maintenance of continuing professional education (CPE) credits to retain the certification.
  • IIA membership is recommended but not mandatory for certification.

    • Certified Fraud Examiner (CFE)

    Certification Provider
    Association of Certified Fraud Examiners (ACFE)
    Best For
    Auditors, Forensic Accountants, Compliance Officers, Anti-Money Laundering Specialists, Law Enforcement Officers, Internal Investigators
    Description
    The Certified Fraud Examiner (CFE) credential, awarded by the Association of Certified Fraud Examiners (ACFE), is a prestigious certification that signifies expertise in fraud prevention, detection, and deterrence. This program equips professionals with knowledge in complex financial transactions, legal elements, and the ability to resolve allegations of fraud. Ideal for auditors, law enforcement, lawyers, and accountants, the CFE enhances one's ability to protect organizations from fraudulent activity.
    Includes Certification
    Yes
    Time to Complete
    80-100 hours
    Price
    Prerequisites
  • Bachelor's degree from an institution of higher education; or equivalent professional experience (at least two years of professional experience in a field related to fraud examination or a similar discipline).
  • Minimum of two years of professional experience in a field related to fraud examination, accounting, auditing, criminology, investigations, or loss prevention (experience requirement can be substituted by education).
  • Agreement to abide by the ACFE Code of Professional Ethics.
  • Agreement to abide by the ACFE Code of Professional Standards.
  • Completion of the CFE Exam, which covers four areas: Fraud Prevention and Deterrence, Financial Transactions and Fraud Schemes, Investigation, and Law.
  • Membership in the Association of Certified Fraud Examiners (ACFE).

    • Certified Government Auditing Professional (CGAP)

    Certification Provider
    The Institute of Internal Auditors (IIA)
    Best For
    Government Auditors, Internal Auditors in Public Sector, Audit Managers in Government Agencies, Performance Auditors, Financial Auditors with Government Focus, Compliance Officers in Public Institutions
    Description
    The Certified Government Auditing Professional (CGAP) certification, offered by The Institute of Internal Auditors (IIA), is a prestigious credential designed for auditors working in the public sector. It validates expertise in the principles and practices of government auditing, including financial, performance, and operational audits. The CGAP certification requires a deep understanding of government auditing standards, risk assessment, and the ability to evaluate governance processes. It is ideal for professionals seeking to enhance their credibility and advance their careers in government auditing.
    Includes Certification
    Yes
    Time to Complete
    Price
    Prerequisites
  • A minimum of a Bachelor's degree from an accredited university, or an equivalent qualification.
  • At least two years of experience in a government auditing environment.
  • Agreement to abide by the IIA's Code of Ethics.
  • Completion of the CGAP examination, which assesses knowledge of government auditing practices and principles.
  • Maintenance of the certification through Continuing Professional Education (CPE) credits as required by the IIA.
  • Membership in the Institute of Internal Auditors (IIA) is recommended but not mandatory for certification.

    • Chartered Global Management Accountant (CGMA)

    Certification Provider
    American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA)
    Best For
    Management Accountants, Financial Analysts, Finance Managers, Strategic Planners, Chief Financial Officers, Controllers with management accounting focus
    Description
    The Chartered Global Management Accountant (CGMA) is a prestigious certification jointly offered by the AICPA and CIMA, designed for accounting professionals seeking to enhance their expertise in management accounting. This credential emphasizes strategic management skills, financial performance monitoring, and organizational decision-making. CGMA holders are recognized for their ability to drive business success, combining financial acumen with strategic insight. The certification process involves rigorous education, experience, and examination requirements, ensuring that CGMAs are equipped to meet the challenges of the global business landscape.
    Includes Certification
    Yes
    Time to Complete
    Price
    Prerequisites
  • A bachelor’s degree or an equivalent combination of education and experience.
  • Membership with either the AICPA or CIMA.
  • Completion of the CIMA Professional Qualification or the AICPA's CPA and CGMA Strategic Management Accounting Program.
  • A minimum of three years of relevant work experience in management accounting or financial management.
  • Passing the CGMA exam or meeting the exam exemption criteria based on prior qualifications.
  • Commitment to ongoing professional development and adherence to a code of ethical conduct.

    • Certified in Risk Management Assurance (CRMA)

    Certification Provider
    The Institute of Internal Auditors (IIA)
    Best For
    Internal Auditors, Risk Management Analysts, Compliance Officers, Quality Assurance Managers, Control Analysts, Audit Committee Members
    Description
    The Certified in Risk Management Assurance (CRMA) is a specialized credential offered by The Institute of Internal Auditors (IIA) for professionals focusing on risk management assurance, governance processes, quality assurance, or control self-assessment. The CRMA certification demonstrates a professional's ability to provide advice and assurance to audit committees and executive management on whether key risk management and governance processes are both adequate and functioning effectively. It is designed for internal auditors and risk management professionals seeking to advance their career and enhance their organization's risk management practices.
    Includes Certification
    Yes
    Time to Complete
    Price
    Prerequisites
  • A minimum of a Bachelor’s degree or its equivalent from an accredited university.
  • At least 24 months of experience in internal audit or in a related area such as audit, risk management, quality assurance, compliance, or control.
  • Agreement to abide by the IIA’s Code of Ethics.
  • Completion of the CRMA exam, which assesses understanding of risk management and internal audit roles related to risk management assurance.
  • Maintenance of continuing professional education (CPE) credits to ensure the certification remains active.
  • IIA membership is recommended but not mandatory for certification, although members may receive discounts on exam fees and access to additional resources.

    • Accredited in Business Valuation (ABV)

    Certification Provider
    American Institute of CPAs (AICPA)
    Best For
    Certified Public Accountants (CPAs), Forensic Accountants, Valuation Analysts, M&A Consultants, Financial Analysts with valuation focus, Corporate Finance Advisors
    Description
    The Accredited in Business Valuation (ABV) certification, offered by the American Institute of CPAs (AICPA), is a prestigious credential for CPAs who specialize in evaluating the financial worth of businesses. It signifies expertise in business valuation theory, methodologies, and applications, equipping professionals with the skills to assess company assets, project future earnings, and determine fair market value. The ABV is ideal for those seeking to enhance their credibility in litigation, mergers and acquisitions, and strategic planning.
    Includes Certification
    Yes
    Time to Complete
    75-90 hours
    Price
    Prerequisites
  • A valid and unrevoked CPA license or an international equivalent
  • Passing the ABV Examination, administered by the AICPA
  • Completion of 75 hours of valuation-related continuing professional education (CPE) within the five-year period preceding the date of the ABV application
  • Demonstration of substantial experience in business valuation through the completion of at least six business valuation engagements or equivalent experience
  • Agreement to be bound by the AICPA Code of Professional Conduct
  • Maintenance of AICPA membership in good standing

    • Personal Financial Specialist (PFS)

    Certification Provider
    American Institute of CPAs (AICPA)
    Best For
    Certified Public Accountants (CPAs), Tax Advisors with financial planning interest, Financial Planners with CPA designation, Wealth Managers with accounting background, Estate Planning Specialists with CPA license, Risk Management Consultants with CPA certification
    Description
    The Personal Financial Specialist (PFS) certification, offered by the American Institute of CPAs (AICPA), is a credential for CPAs who specialize in personal financial planning. This certification demonstrates the holder's expertise in estate, retirement, investment, risk management, and tax planning. Candidates must meet experience requirements, pass a comprehensive exam, and adhere to ethical standards. The PFS credential equips professionals with the skills to assist clients in crafting holistic financial strategies.
    Includes Certification
    Yes
    Time to Complete
    Price
    Prerequisites
  • Hold an unrevoked CPA (Certified Public Accountant) license issued by a state authority.
  • Complete 75 hours of personal financial planning education or have an active CPA/PFS, CFP (Certified Financial Planner), ChFC (Chartered Financial Consultant), or CFA (Chartered Financial Analyst) credential.
  • Have two years of full-time business or teaching experience in personal financial planning services.
  • Pass the PFS examination or have passed the CFP or ChFC examination.
  • Agree to adhere to the AICPA's Code of Professional Conduct and Statement on Standards in Personal Financial Planning Services.
  • Maintain 60 hours of continuing professional education every three years in personal financial planning.

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    Benefits of Having a CPA Certification

    Professional Prestige and Trust: A CPA certification is more than a professional milestone; it's a symbol of trust and excellence within the accounting field. As a CPA, you are recognized as someone who has met rigorous educational and ethical standards, which can significantly enhance your reputation among clients, employers, and peers. This level of professional prestige is crucial in a field where trust is paramount.

    Comprehensive Expertise in Accounting Principles: The journey to becoming a CPA involves mastering a wide range of accounting principles and practices. This comprehensive knowledge base not only prepares you to tackle complex financial issues but also ensures that you are well-versed in the latest accounting standards, making you an invaluable asset to any organization.

    Increased Career Opportunities and Mobility: With a CPA certification, your career is not limited to one path or industry. CPAs are in demand across various sectors, including public accounting, corporate finance, government, and non-profits. The certification opens doors to higher-level positions and provides the flexibility to move across different roles and industries, enhancing your career mobility.

    Higher Earning Potential: CPAs often command higher salaries compared to their non-certified counterparts. The certification is a clear indicator of your expertise and dedication, which employers are willing to reward with better compensation packages. This higher earning potential is a tangible benefit that reflects the value you bring to the table as a CPA.

    Networking and Professional Development: Becoming a CPA gives you access to a vast network of professionals and exclusive membership in organizations such as the American Institute of CPAs (AICPA). These connections can lead to mentorship opportunities, partnerships, and a community that supports continuous learning and professional growth.

    Enhanced Job Security and Marketability: The CPA certification is often considered the gold standard in accounting, which means that CPAs are less likely to be affected by market fluctuations and economic downturns. Your marketability as a CPA is high, providing job security and the confidence that you are a sought-after professional in your field.

    Authority to Sign Audit Reports: One of the unique benefits of being a CPA is the legal authority to sign audit reports, a responsibility reserved exclusively for certified professionals. This ability not only elevates your professional standing but also opens up a range of career opportunities in audit and assurance services.

    Commitment to Ethical Standards: CPAs are bound by a code of ethics that ensures integrity and objectivity in their work. This commitment to ethical standards is critical in maintaining public confidence in financial reporting and advisory services, and it distinguishes CPAs as trusted financial advisors.

    How to Choose the Best CPA Certification

    Selecting the ideal certification as a Certified Public Accountant (CPA) is a pivotal step in shaping your professional journey. In a field where expertise and precision are paramount, the right certification can set you apart and open doors to new opportunities. It's essential to consider certifications that not only enhance your current skill set but also align with your future career ambitions. This section will guide you through a strategic approach to choosing a certification that best suits your professional needs, ensuring that your investment in further education is both meaningful and impactful.

    • Specialization vs. Generalization: Reflect on whether you want to specialize in a niche area or broaden your expertise. Certifications such as Certified Information Systems Auditor (CISA) or Certified Financial Planner (CFP) can lead to specialized roles, while a Chartered Global Management Accountant (CGMA) may be more suitable for those looking to enhance their general business acumen.
    • Industry-Specific Knowledge: Identify certifications that will give you an edge in your chosen industry. For instance, if you're focused on the healthcare sector, a certification in healthcare accounting could be highly beneficial. Understanding the unique financial regulations and compliance issues of your industry can significantly enhance your employability and expertise.
    • Compatibility with Ethical Standards: Ensure that the certification upholds the ethical standards expected of CPAs. Look for programs that emphasize professional ethics and governance, as these are critical components of the CPA profession and will reinforce your reputation as a trustworthy and ethical accountant.
    • Continuing Professional Education (CPE) Credits: Consider certifications that offer CPE credits, which are necessary to maintain your CPA license. This dual benefit allows you to expand your knowledge while also fulfilling your professional requirements, making it a practical and efficient choice.
    • Return on Investment (ROI): Evaluate the potential ROI of the certification. Consider the cost, time commitment, and how the certification is valued in the job market. A certification that significantly increases your earning potential or opens up new career paths can be worth the investment.

    Preparing for Your CPA Certification

    Preparing for a CPA certification is a significant undertaking that can set the stage for a rewarding career in accounting and finance. As a CPA, you will be recognized as a trusted financial advisor with a deep understanding of accounting principles and practices. To ensure that you are ready to meet the rigorous standards of the CPA exam and to make the most of the certification in your professional life, a strategic approach to preparation is essential. The following guidelines are designed to help you navigate the process effectively, from understanding the CPA exam structure to mastering the material and beyond.

    Understand the CPA Exam Structure: Familiarize yourself with the CPA exam's format, content, and the specific requirements of your state's Board of Accountancy. The exam consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Knowing the structure and types of questions you'll encounter will help you tailor your study plan accordingly.

    Develop a Comprehensive Study Plan: Craft a detailed study schedule that outlines when and what you will study, taking into account the breadth of topics covered in the CPA exam. Allocate more time to sections that you find challenging and ensure that your plan includes regular review sessions. Consider using CPA review courses, which offer structured learning paths and resources tailored to the CPA exam's content.

    Leverage High-Quality Study Materials: Invest in reputable CPA review materials that include up-to-date textbooks, practice questions, simulations, and flashcards. These resources should align with the American Institute of Certified Public Accountants (AICPA) Blueprints, which outline the content of the CPA exam. Quality study materials will provide the depth and breadth of knowledge required to pass the exam.

    Practice with Exam Simulations: Taking full-length practice exams under exam-like conditions is crucial. This will not only test your knowledge but also build your stamina and time management skills. Analyze your performance on these simulations to identify areas for improvement and adjust your study plan as needed.

    Join a CPA Study Group: Connect with peers who are also preparing for the CPA exam. Study groups can offer support, motivation, and a platform to discuss difficult concepts. Sharing strategies and discussing questions can enhance your understanding and provide insights that you might not have considered on your own.

    Focus on Mental and Physical Well-being: Preparing for the CPA exam is a marathon, not a sprint. It's important to maintain a balanced lifestyle with proper nutrition, exercise, and sleep. Managing stress through mindfulness or relaxation techniques can also improve focus and cognitive function, leading to more effective study sessions.

    Apply Knowledge to Practical Scenarios: Whenever possible, relate the concepts you're studying to real-life situations. If you're already working

    Certification FAQs for CPAs

    Is getting a CPA certification worth it?

    Attaining a CPA certification is a significant investment in your accounting career that can yield substantial rewards. For those starting out, it establishes a strong foundation in accounting principles and practices, while also signaling dedication and expertise to potential employers.

    For seasoned accountants, a CPA can unlock opportunities for advancement, higher salaries, and access to a broader range of roles within the financial sector. It's a mark of distinction that can set you apart in a competitive job market and may be essential for certain positions, particularly in public accounting or roles that require financial reporting oversight.

    Do you need a certification to get a job as a CPA?

    In the field of accounting, obtaining a CPA (Certified Public Accountant) certification is not just advantageous—it's often essential. To be legally designated as a CPA and perform certain accounting functions, such as auditing financial statements or filing reports with the SEC, you must be certified.

    Employers typically require CPA certification for senior accounting roles, as it validates your expertise, commitment to the profession, and understanding of complex financial regulations. While entry-level positions may not necessitate certification, advancing in your career without it can be challenging. Therefore, for those aspiring to reach the higher echelons of the accounting world, a CPA certification is a critical step.

    Can CPA certifications help pivoters make the transition into Finance from another career path?

    Yes, CPA certifications can be a significant asset for those transitioning into accounting and finance roles. These certifications validate a comprehensive understanding of accounting principles, regulatory standards, and financial management practices. They can accelerate a career pivot by showcasing a commitment to the field and equipping career changers with the credibility and knowledge that employers value. Additionally, the CPA credential can open doors to a network of professionals and resources, further facilitating a successful transition into the accounting profession.
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