CPAs in China.
In the article "CPAs in China: Fascinating Similarities and Differences" (August 2005), author Edwin Kliegman said that more than 500,000 candidates sit for the uniform CPA exam each year. Is there verification for that statistic? It simply astounds me, unless there are no educational requirements to sit for the CPA in China. If that number is correct, I would expect that the current shortage of CPAs in the United States will quickly disappear.
Tom Tyson, PhD, CMA
Chair, Department of Accounting, Finance and MIS
St. John Fisher College
The author responds:
The number of 500,000 CPA exam candidates in China each year was provided to me by more than one source. I was also told that the exam in China has a very high failure rate, and that a college degree is the only requirement to sit for the exam. I should also note that the large population in China makes it difficult to draw comparisons to the corresponding figures in the United States. [According to the 2005 World Almanac, the population of the United States is over 290 million; China's population is approximately 1.3 billion.]
Edwin J. Kliegman, CPA
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||inbox: letter to the editor|
|Publication:||The CPA Journal|
|Article Type:||Letter to the Editor|
|Date:||Sep 1, 2005|
|Previous Article:||Retirement Planning in Plain English.|
|Next Article:||Detecting improper portfolio management activity.|