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| Letter to the Editor CPAs in China In the article “CPAs in China: Fascinating Similarities and Differences” (August 2005), author Edwin Kliegman said that more than 500,000 candidates sit for the uniform CPA exam each year. Is there verification for that statistic? It simply astounds me, unless there are no educational requirements to sit for the CPA in China. If that number is correct, I would expect that the current shortage of CPAs in the United States will quickly disappear.
The author responds: The number of 500,000
CPA exam candidates in China each year was provided to me by more than
one source. I was also told that the exam in China has a very high failure
rate, and that a college degree is the only requirement to sit for the
exam. I should also note that the large population in China makes it difficult
to draw comparisons to the corresponding figures in the United States.
[According to the 2005 World Almanac, the population of the United
States is over 290 million; China’s population is approximately
Edwin J. Kliegman, CPA |
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