I think the number of accounting credentials available today is getting out of hand. Don’t get me wrong. I am a big advocate of education. I even started an online education company . So, I get that credentials are important. They show that we have the proper education and training to do the job.
But, sometimes the number of initials trailing after a name looks a little over the top to me. And I don’t know that the lay person (aka potential client) really has a clue what all these initials really mean.
These are the credentials I see regularly, in no particular order:
· CPA (Certified Public Accountant)
· EA (Enrolled Agent)
· CMA (Certified Management Accountant)
· CFP (Certified Financial Planner)
· CIA (Certified Internal Auditor)
· Cr.FA (Certified Forensic Accountant)
· ABA (Accredited Business Accountant/Advisor)
· ATP (Accredited Tax Preparer)
· ARA (Accredited Retirement Advisor)
· ATA (Accredited Tax Advisor)
· CITP (Certified Information Technology Professional)
· CFA (Chartered Financial Analyst)
· CVA (Certified Valuation Analyst)
· ABV (Accredited in Business Valuation)
· ASA (Accredited Senior Appraiser)
· CFF (Certified in Financial Forensics)
· CPIM (Certified in Production Inventory Management)
· CFE (Certified Fraud Examiner)
And coming soon, all paid tax return preparers will be required to pass a competency test, take continuing education, and obtain a number. Will they put PTIN after their names?
Seriously, how many credentials do we need?