The Cpa Examination.

The three principal requirements usually set for entrance into the accountancy profession have reference to the candidate's educational qualifications, his experience in accounting matters, and his ability to pass an examination covering accounting principles and practices and related subject-matter. Under present conditions, the examination is the major if not the sole test of the candidate's qualifications to practice public accounting. Presumably the purposes of the education and experience requirements are to enable the accountant to acquire skill and knowledge in the science and practice of accounting, and to develop judgment in accounting and financial affairs. The purpose of the examination is to determine whether the accountant has acquired sufficient skill, knowledge and judgment in accounting and financial affairs to be certified by state boards as being one who is "skilled in the knowledge, science and practice of accounting and is qualified to render professional services as an accountant."