What is the difference between a Certified Public Accountant (CPA) and an accountant?

Most people use the terms "accountant" and "CPA" interchangeably, but there is a big difference. The CPA credential carries enormous weight in business and financial circles. CPAs are considered some of the business world's most trusted advisers, according to a recent survey conducted by the American Institute of CPAs.

Specifically, when small business owners were asked how often they rely on outside business counsel, half said that they rely on their CPA "always" or "often," ranking slightly behind one's spouse or family member. This trust is not surprising considering the strict requirements to enter and stay in the profession. Achieving CPA status takes intelligence, ethics, integrity, and lifelong commitment.

First, candidates must make it through 150 hours of some of the toughest business courses at their college or university. After graduation and a year of corporate experience under the supervision of a CPA, they must pass a grueling test of business, auditing, and general ... more.

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