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Showing posts from April, 2012

CPA deadline

Onto the February 2012 questions (only answering questions that I can shed some insight on, or have not already answered before...)

What happens if you do not attain a CPA within 2-3 years?

The pressure starts to build. Your final ratings for the year can potentially get knocked down if you don't have your CPA, i.e. when two individuals are rated the same, but one has to be rated higher, the one with the CPA gets the nod. Also, and more importantly, the longer you stay at the Firm, the harder it is to find time to study. It starts to weigh on you, and you will always have it in the back of your mind. For some of the Firms, you can't be promoted to manager if you don't have your CPA. If it's a good economy, you will be a "super" senior since your promotion isn't official even though you've put in the time, if it's a bad economy, like it was in 2009, you could get laid off.