[Guti]

I received the below email from NASBA this morning. It pretty much says that now Indian students do not have to travel to the US to take the CPA exam as they can take it in Bahrain, Kuwait, Lebanon and the UAE.

Some Accounting jobs in South Florida have already been outsource by firms in India. The average accountant there gets pay around 10K per year. According to some American companies, Indian accountants were not well versed with Accounting laws and regulations. The clerical work like AP,AR on the other hand was easily outsourced for obvious reasons. Now with this new Law, there are going to be more CPAs in India than what we have in the US. Outsourcing will be a lot easier cause now you will have very competitive CPAs who understand GAAP,GAAS, and our IRS code at least on paper. To put this into perspective, I used to work in a 1.2 Billion dollar company. We had about 43 Accountant and only 5 CPAs. The salary range was from 50K to 150K. With this new law making it easier for Indian students to take the CPA exam, my old company could outsource to India and have 40 CPAs working with a range of 10K to 25K per year.Is this the beginning of the end for American CPAs working in private practice? I dont think Auditors could be outsourced.

Starting October 1, 2014, citizens, permanent residents and long-term residents of India can test for the Uniform CPA Examination in Bahrain, Kuwait, Lebanon and the UAE.

The CPA Examination application process is the same for U.S. and international candidates. In order to qualify to take the CPA Examination outside the U.S., candidates will have to establish their eligibility through an Accountancy Board participating in the International CPA Examination Administration program.

For a list of participating Accountancy Boards and information regarding international testing, please visit the International Administration of the CPA Exam page on our nasba.org website.

Prospective candidates must select the participating U.S. jurisdiction to which they will apply, contact the Accountancy Board (or its designee) in that jurisdiction to obtain application materials, submit completed applications and required fees as instructed, and once deemed qualified, register for the examination.

After receiving the Notice to Schedule, you may then register to take the examination in an international location and complete the International Administration of the CPA Exam through our Apply to Test Internationally page.

Once the International Administration process is complete, please visit Prometric’s website in order to schedule your examination in an available international test center location.

FAR-84
AUD-
REG-
BEC-

[Gironhe]

I don't have anything against the Indians, It is kind of sad that corporate greed kills USA jobs, but hey we all want our 401K and investment accounts to grow.

On the bright side, accounting jobs are everywhere. You don't have to work for CPA firm unless that is your goal.

Accounting is a solid profession, unlike Marketing or Business Management.

[tomq04]

It's over folks, go ahead and pack up and leave.

REG- (1) 76
FAR- (2) 64, (5)74, (7)83 (Over achiever!)
AUD- (3) 70, (4) 75
BEC- (6) 75

[stoleway]

Lol, let me deepen your woes. Indians are very smart and in no time most of them will have this designation, it can happen if they set their eyes on it.

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Guti]

With 1.2 Billion citizens, I don't think it will be hard for them to license more CPAs than we do here in the US. This will put more pressure on Accountants to become CPAs just to fight for a job.

FAR-84
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BEC-

[Anonymous]

The question is, are the Prometric Centers in those testing areas employed by Indians too? LOL.

You know, money talks.

[Guti]

Amor D, you brought a great point,so If I go to India, and tip the manager of a prometric center around 2K,which is the price I will pay for becker, I could get the above 95 on my next 3 exams in one weekend?

FAR-84
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REG-
BEC-

[stoleway]

I doubt it, you have to first of all check the number of Indians that are Chartered Accountants- licensed through ACCA.

This is the largest accounting designation all over the world, of course the rest of the world uses IFRS. It will surprise you to know that most of them will go for the ACCA designation rather than a CPA.

Another argument is that lots of IT jobs have been outsourced to Indians but there is still a sizable amount of American citizens that are gainfully employed in the IT sector. Just using the IT sector as an example will show that you there is no need to worry. We will all be fine:)

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

$2H will suffice, LOL.

[Gironhe]

exams are not administered in India.

“Bahrain, Kuwait, Lebanon and the UAE”

[Anonymous]

Who said exams are administered in India?

[Guti]

Gironhe, close enough compare to a 20 HR flight to the US. You guys are bringing very good points, and I think we will feel the change in the next 5 to 10 years.

FAR-84
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BEC-

[Anonymous]

I guess those CPA's won't have to dial long distance for tech support then…

[Anonymous]

My 2nd question is, who can sign off for the Indians?

My 3rd question is, can my Indian friend – US CPA (based in India) sign off for my certification when I pass all 4 tests?

[Dan T]

The US has been outsourcing accounting work forever, this is true with almost every profession. Accounting is one of the safer fields as it has the highest job growth, even with the extra candidates there will still be plenty of opportunities to go around. No need to worry.

@Barce and Amor, I'd probably pay $2k per pass right now 🙂

AUD - 75 ☺
FAR - 65, 71, 70, 77 ☺
BEC - 80 ☺
REG - 73, 66, 79 ☺ 2/28/15

Done!

[Guti]

Dan T, work on gleim Simulations like crazy if you want to pass FAR, I went from your exact 71 to 84 just by doing that, and i would also pay 2K per part.

FAR-84
AUD-
REG-
BEC-

[Author]

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