I work with a company that has recently been required to go SOX compliance. Will becoming a CPA increase my value to the company? So far the external auditors have came in and said the accounting staff will have additional responsibilities, but nothing about hiring CPA’s or requiring CPA’s. It seems to be a lot of focus on directors signing off on EVERYTHING, but doesn’t mention anything about CPA’s. Pretty discouraging since no director at my company has a CPA
I know there are different levels of SOX compliance. I don’t work for a public company, but we manage the portfolio of a company that just went public.
There is nothing in SOX that requires CPA certification for anyone, staff, exectives, board members, etc. The closest thing to a requirement for a CPA is that at least one member of the audit committee must be a financial expert. But now where does it require anyone to have the CPA designation.
Now does having the CPA designation help you in your career if your company is subject to SOX? Im sure it couldnt hurt!