{"id":3883,"date":"2024-07-03T09:32:01","date_gmt":"2024-07-03T09:32:01","guid":{"rendered":"https:\/\/www.morganintl.com\/?p=3883"},"modified":"2024-07-04T06:08:21","modified_gmt":"2024-07-04T06:08:21","slug":"fact-checking-cpa-myths","status":"publish","type":"blog","link":"https:\/\/www.morganintl.com\/en\/blog\/fact-checking-cpa-myths","title":{"rendered":"CPA Myths You Need to Fact-Check"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-myth-1-it-s-impossible-to-pass-the-cpa-exam\"><strong>Myth 1: It&#8217;s impossible to pass the CPA exam!<\/strong><\/h2>\n\n\n\n<p><span style=\"text-decoration: underline\">Fact:<\/span> Yes, the CPA exam is difficult but not impossible. According to the &nbsp;<a href=\"https:\/\/www.aicpa-cima.com\/certifications\/article\/24q1-cpa-exam-pass-rates\"><span style=\"text-decoration: underline\"><strong>AICPA CPA Exam Pass Rates<\/strong><\/span><\/a> released on June 2024:<\/p>\n\n\n\n<p>*<strong>Core Exam Sections:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AUD: 44.63%<\/li>\n\n\n\n<li>FAR: 41.92%<\/li>\n\n\n\n<li>REG: 63.42%<\/li>\n<\/ul>\n\n\n\n<p>*<strong>Discipline Exam Sections:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>BAR: 42.94%<\/li>\n\n\n\n<li>ISC: 50.93%<\/li>\n\n\n\n<li>TCP: 82.36%<\/li>\n<\/ul>\n\n\n\n<p>With proper preparation, dedication, and the right study materials, you can be among those who succeed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-myth-2-it-has-been-known-that-only-accounting-majors-can-become-cpas\"><strong>Myth 2: It has been known that only accounting majors can become CPAs<\/strong><\/h2>\n\n\n\n<p><span style=\"text-decoration: underline\">Fact:<\/span> While beneficial, an accounting background is not strictly required for CPA candidates. Many jurisdictions allow candidates with degrees in related fields, such as finance or business, to sit for the exam, provided they meet specific coursework requirements.<br>Check if you&#8217;re eligible by taking our <a href=\"https:\/\/www.morganintl.com\/program\/cpa\/#knowledge-quiz\"><span style=\"text-decoration: underline\"><strong>quiz<\/strong><\/span><\/a>! <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-myth-3-cpas-only-work-in-public-accounting\"><strong>Myth 3: CPAs Only Work in Public Accounting<\/strong><\/h2>\n\n\n\n<p><span style=\"text-decoration: underline\">Fact:<\/span> CPAs enjoy diverse career opportunities across corporate finance, government, non-profits, academia, consulting, forensic accounting, and information technology. The CPA credential serves as a versatile foundation for various career paths.<\/p>\n\n\n\n<p>Read more on this <span style=\"text-decoration: underline\"><strong><a href=\"https:\/\/www.morganintl.com\/accounting-auditing\/cpa-roles-navigating-careers-across-industries\">here<\/a><\/strong><\/span>!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-myth-4-its-useless-unless-you-re-in-the-us\"><strong>Myth 4: Its Useless Unless You&#8217;re in the US<\/strong><\/h2>\n\n\n\n<p><span style=\"text-decoration: underline\">Fact<\/span>: Many consider the US CPA to be the highest accounting designation across the globe and not only in America. Mutual recognition agreements between the US and several countries enhance its international recognition. As a US CPA, you join the AICPA, the world&#8217;s largest accounting organization. This membership opens doors to expanded opportunities, boosts earning potential (with increases exceeding 10%, as noted by <a href=\"https:\/\/nasba.org\/blog\/2017\/04\/26\/5-reasons-to-be-a-cpa\/\"><span style=\"text-decoration: underline\"><strong>Nasba<\/strong><\/span><\/a>), enhances job security, and offers the flexibility to pursue diverse career paths.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-myth-5-it-s-way-too-expensive\"><strong>Myth 5: It&#8217;s Way too Expensive!<\/strong><\/h2>\n\n\n\n<p><span style=\"text-decoration: underline\">Fact:<\/span> It&#8217;s not expensive compared to how much it would benefit you; it\u2019s an investment. CPAs earn 10-15% higher salaries and have better job security than non-certified accountants. Many employers sponsor their employees to get certified, recognizing the added value that CPA-certified employees bring to the job through their enhanced skills and contribution to business growth.<\/p>\n\n\n\n<p>PS: we offer flexible payment options to support your journey towards becoming a CPA\ud83d\ude09<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-myth-6-working-studying-for-the-exam-impossible\"><strong>Myth 6: Working + Studying for the Exam = Impossible<\/strong><\/h2>\n\n\n\n<p><span style=\"text-decoration: underline\">Fact:<\/span> Working and studying for the CPA exam is tough but doable. Many people successfully balance their work and study for the exam. Time management and a study plan are key. With the right preparation approach, adaptive study resources, and a supportive training provider (aka us), you can plan effectively and achieve success.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-to-sum-it-up\"><strong>To Sum it Up<\/strong><\/h2>\n\n\n\n<p>Now that we&#8217;ve cleared up these myths, you&#8217;re better equipped to decide if pursuing CPA certification is right for you. At Morgan International, we&#8217;re here to support you every step of the way.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.morganintl.com\/program\/cpa\/#consultation\" style=\"background-color:#009cde\">Schedule your free consultation today now!<\/a><\/div>\n<\/div>\n\n\n\n<p>Bust the myth!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CPA, Certified Public Accountant is a big deal in the accounting world and opens doors to many career opportunities and promotions. But there are many myths and misconceptions about the CPA designation that might scare aspiring accountants. Let\u2019s bust some common myths and present the facts about CPA certification.<\/p>\n","protected":false},"author":17,"featured_media":3892,"template":"","meta":{"hero_background_image":0},"categories":[311],"tags":[593,594,597],"class_list":["post-3883","blog","type-blog","status-publish","has-post-thumbnail","hentry","category-accounting-auditing","tag-cpacertification","tag-cpamyths","tag-publicaccounting"],"authorship":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CPA Myths You Need to Fact-Check<\/title>\n<meta name=\"description\" content=\"There are many myths about the Certified Public Accountant credential. 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