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The issue goes two steps deep—CPA exam participation also dropped by 7%, the lowest level since 2006. Understanding the root cause is key for any business or CPA firm to protect itself from the consequences. If you are a CPA firm or a business in the U.S.
And the first question that probably comes to people's mind is what's the difference between a CMA and a CPA? And both the CMA and the CPA of course are great certifications and they have a very specific purpose. In my mind, the CPA is geared towards orders and tax specialists.
So should you if you want to rise in the corporatefinance profession. To move up in this field, you’ll need to pass the rigorous certified public accountant (CPA) exam. To become a controller, you’ll need to learn more about corporate accounting as well as the impact of taxes, regulations and audits on corporatefinances.
Tax returns are important from a compliance point of view and all the rest. Now again, the audit function and the tax function are cornerstones of what we do. You can be a CPA, CMA, any, any of of the alphabet soup, right? It's the core of how companies publish data out to the marketplace.
We discuss our unique journey from a big four CPA to bringing accounting and finance order to attain businesses in cannabis country. So I approached a CPA firm that was very cannabis, like, it was very clear they were working in the cannabis industry, which is not, you know, was not at that time something that you would promote.
I mean, can you imagine if you're an accounting firm or if you're a corporatefinance department not having access to your Sage files or your Intuit, here are your QuickBooks files for a week. So their clients, they don't want to just be filling out a tax return. I think the summit folks, some of them we're down all last week.
It can be tax advice. They have what's called triple tax savings that most people don't know about. And another example of this is really exciting is what does the intersection of financial planning tax and investments look like? It could be investment advice. Most people don't utilize them.
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