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What is an independent accountant?

Independent Accountant means a nationally recognized accountant, or firm of accountants, that is, with respect to the Corporation, an independent public accountant or firm of independent public accountants under the Securities Act of 1933, as amended.

How do I become a CPA in Michigan?

Becoming a CPA in Michigan requires education and experience. You must have a bachelors degree, at least 150 semester hours of college education, and 2,000 hours of work experience. Education requirements include at least 24 semester hours of both accounting and general business courses.

What does it mean for an accountant to be independent?

An independent auditor is a certified public accountant (CPA) or chartered accountant (CA) who examines the financial records and business transactions of a company with which they are not affiliated.

Why are independent accountants important?

Auditor independence is part of the foundation of the auditing profession. An independent, reliable, and ethically sound audit gives a company credibility and allows the public to trust in the accuracy of the results and the integrity of the accounting profession.

What is an independent accounting professional?

The Independent Accounting Professional (IAP) (Reviewer) performs the same duties as an Accounting Officer; however, the Independent Accounting Professional is allowed to do Reviews of companies in terms of regulation 29 of the Companies Act No. 71 of 2008 in compliance with ISRE 2400 and ISRE 4400.

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