Uncover the captivating history of the CPA designation in this insightful exploration. From its humble beginnings to becoming the gold standard in accounting, delve into the evolution, milestones, and significance of the CPA designation, highlighting its enduring impact on the accounting profession and beyond. To know the step-by-step guide to achieving your CPA license in India, visit: https://bit.ly/3qTb1JH

1. History of the CPA
Designation!

2. American Association of Public
Accountants (AAPA) was established by
31 accountants to set moral standards
and auditing guidelines.
1887

3. First CPAs (Certified Public Accountants)
receive licenses.
1896

4. AAPA was renamed the American
Institute of Certified Public Accountants
(AICPA).
1957

5. Financial Accounting Standards Board
(FASB) was formed to set accounting
standards for private companies.
1973

6. The accounting industry expands with
accounting firms offering consulting
services.
1990

7. Enron scandal leads to significant
changes in the accounting industry,
including the closure of Arthur Andersen.
2001

8. CPA designation remains a prestigious
qualification for accountants, ensuring
high ethical standards and expertise in
the field.
Present

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