Ea Accounting Certification
The most popular accounting certifications licenses include.
Ea accounting certification. An ea is an individual designation provided by the irs. In the ea vs. An enrolled agent is a federally licensed tax practitioner who has unlimited rights to represent taxpayers before the irs. Certified public accountant cpa certified financial analyst cfa certified management accountant cma enrolled agent ea certified internal auditor cia certified information systems auditor cisa chartered alternative investment analyst caia.
A cpa has the right to prepare and sign financial statements. Cpas typically do most of their work for public accounting firms of all sizes. A cpa can act only for tax. Ultimately this designation is specifically focused on us taxation of all entity types.
Both the ea and the cpa are great certifications that many tax professionals want in order to advance their careers. States approve cpas while the federal government approves eas. The enrolled agent certification was established by the irs as an alternative to the cpa designation for candidates who didnt meet their state board of accountancy requirements to sit for the exam and become certified. A certified public accountant should have a vast knowledge of accounting auditing business law.
Department of the treasury to represent taxpayers before the irs for audits collections and appeals according to the national association of enrolled agents naea. An ea is authorized by the us. For instance candidates without accounting degrees wont be able to become a cpa. Unlike an ea a certified public accountant can handle financial statement audits.
Enrolled agents are licensed by the irs. To become an ea you have to pass a three part comprehensive examination individuals businesses and representation practice. Cpa match up cpas have a more flexible and expansive repertoire than eas. Enrolled agent ea often called the best kept secret in accounting enrolled agents provide an important and marketable service to the public government and accounting community.
But which one to choose.