American Institute of Certified Public Accountants (AICPA) Practice Exam

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True or False: Membership in the AICPA is required for all CPAs practicing in public accounting.

  1. True

  2. False

  3. Only for certain jurisdictions

  4. Depends on the practice area

The correct answer is: False

Membership in the AICPA is not a requirement for all Certified Public Accountants (CPAs) practicing in public accounting. While being a member of the AICPA can provide various benefits, such as access to resources, professional development, and guidance on ethical standards, it is not mandated across the board for public practice. Each state board of accountancy has its own regulations regarding public accounting and licensure, and membership may be encouraged or beneficial, but it is not a universal requirement for practicing CPAs. This flexibility allows diverse practitioners in public accounting to operate without AICPA membership, depending on individual goals and state regulations.

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