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The US Enrolled Agent (EA) designation is a prestigious credential for tax professionals recognized by the Internal Revenue Service (IRS). EAs specialize in Taxation and are authorized to represent taxpayers before the IRS for Audits, Appeals, and Tax Resolution matters.
Enrolled Agents possess expertise in Federal Tax Planning, Preparation, and Representation, making them valuable advisors for individuals, businesses, and organizations. They are well-versed in Tax Laws, Regulations, and Compliance requirements.Earning the Enrolled Agent credential involves passing a comprehensive examination covering federal tax laws and ethics, as well as maintaining continuing education to stay current with tax law changes.
Enrolled Agents are employed in various roles, including Tax Consultancy Firms, Accounting Practices, Corporate Tax Departments, and as independent tax advisors. The EA designation signifies proficiency in tax matters and a commitment to upholding ethical standards in tax representation.
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For Professional Members | Cost |
CMA Entrance Fee ( Non-refundable) | $280* [INR 21,000 – 22,000] |
Exam Fee | $460 per part [INR 35,000 – 36,000] |
For Student/ Academic Members | Cost |
CMA Entrance Fee | $210* [INR 16,000 – 17,000] |
Exam Fee | $345 [INR 26,8000 – 27,000] |
Exam Structure | Part 1 and Part 2 |
Number of Questions | 100 in Each Part |
Duration | 4 Hours |
Part 1: Financial Planning, Performance and Analytics | Weightage |
Technology and Analysis | 15% |
Internal Controls | 15% |
Cost Management | 15% |
Performance Management | 20% |
Planning, Budgeting and Forecasting | 20% |
External Financial Reporting Decisions | 15% |
Part 2: Strategic Financial Management | Weightage |
Financial Statement Analysis | 20% |
Corporate Finance | 20% |
Decision Analysis | 25% |
Risk Management | 10% |
Investment Decisions | 10% |
Professional Ethics | 15% |
Candidates are free to attempt parts 1 and 2 in any order they like
On average, it takes about 3 - 9 months to become a US-CMA including the time taken to complete the exams and the article ship training.
In India, the total cost can range from INR 2,00,000 including registration fees, examination fees, and study material costs. Coaching fees can range from 1-2lakhs INR.
The average salary of a US-CMA can vary widely based on location, industry, and experience. In India, fresh US-CMAs can expect starting salaries ranging from INR 5,00,00 - 7,00,000 lakhs per annum. Experienced professionals can earn significantly higher, especially in specialized fields
For registration it will cost around $177 and for exam $ 150-200.
CPA Exam structure
Paper | Course | Duration |
Paper-1 | Financial Accounting & Reporting (FAR) | 4 Hours |
Paper-2 | Auditing & Attestation (AUD) | 4 Hours |
Paper-3 | Regulation (REG) | 4 Hours |
Paper-4 | Business Analysis and Reporting (BAR) | 4 Hours |
Paper-5 | Information Systems and Controls (ISC) | 4 Hours |
Paper -6 | Tax Compliance and Planning (TCP) | 4 Hours |
CPA Syllabus in India
Paper | Subject | Topics |
Paper-1 | Financial Accounting & Reporting (FAR) | Financial Reporting (30-40%) Select Balance Sheet Accounts (30-40%) Select Transactions (25-35%) |
Paper-2 | Auditing & Attestation (AUD) | Ethics, Professional Responsibilities and General Principles (15-25%) Assessing Risk and Developing a Planned Response (20-30%) Performing Further Procedures and Obtaining Evidence (30-40%) Forming Conclusions & Reporting (15-25%) |
Paper-3 | Regulation (REG) | Ethics, Professional Responsibilities and Federal Tax Procedures (10-20%) Business Law (15-25%) Federal Taxation of Property Transactions (5-15%) Federal Taxation of Individuals (22-32%) Federal Taxation of Entities (23-33%) |
Paper-4 | Business Analysis and Reporting (BAR) | Business Analysis (40-50%) Technical Accounting and Reporting (35%-45%) State and Local Governments (10-20%) |
Paper 5 | Information Systems and Controls (ISC) | Information Systems and Data Management (35%-45%) Security, Confidentiality and Privacy (35%-45%) Considerations for System and OrganizationControls (SOC) Engagements (15-25%) |
Paper 6 | Tax Compliance and Planning (TCP) | Tax Compliance and Planning for Individuals and Personal Financial Planning (30-40%) Entity Tax Compliance (30-40%) Entity Tax Planning (10-20%) Property Transactions (disposition of assets) (10-20%) |
The minimum salary for a CPA is Rs 7.6 lakh per annum.
Exam eligibility:
Certificate Eligibility:
Part 1 | Individuals |
Part 2 | Businesses |
Part 3 | Representation, Practices, and Procedures |
Generally, the Knowledge level exams are conducted on the basis of Demand.
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