CLA Facts
"CLA" is short the firm's formal name, which is?
CliftonLarsonAllen
The Form 1040 has been used since what year?
A. 1933
B. 1953
C. 1913
D. 1973
1913
CLA has five values that influences and defines our work culture and client service. Can you name two of these values?
Collaborative, curious, reliable, inclusive and transparent
Does GAAP require the accrual or cash basis of accounting?
The CPA exam consists of this many sections...
4 sections
CLA has over 120 locations, which are divided into regions. How many regions does CLA have?
4 - Midwest, West, Sunbelt, and Northeast
Willful failure to pay taxes is called?
Tax evasion
The CLA has 5 main service lines. Can you name two of these service lines?
Tax, Audit, Consulting & Outsourcing, Wealth Advisory, and Digital
What are the three branches of accounting?
Financial Accounting, Mangement Accounting and Cost Accounting
In which state was the Certified Public Accountant certification founded?
New York
CLA is known for "keeping balance." What logo does CLA use to symbolize our value of "keeping balance"?
A bicycle
On what day, were tax forms originally due?
March 1
CLA recently acquired a firm in 2024. What is the legacy name of the firm acquired by CLA?
Ronald Blue
What is a term used to explain how quickly a company can convert assets into cash?
Liquidity
What CPA exam review course does CLA provide to committed campus hires at no cost?
Becker
CLA often ranks for being one of the largest public accounting firms. What rank is CLA?
CLA is the 8th largest public accounting firm.
This type of entity generally involves one founder and owner and is reported on schedules C of that individual's tax return.
Sole proprietor
When did CLA first create an office in the Atlanta area?
A. 2017
B. 2016
C. 2019
D. 2018
B. 2016
What are the 3 major types of assurance engagements public accounting firms offer to clients?
Audits, Reviews, and Compilations
What are the 2 criteria for passing the exams?
1. You must pass all 4 parts within 18 months
2. You must earn a minimum of 75% on each part
CLA was formed through the merger of two firms. What are the names of those two firms?
CliftonGunderson & LarsonAllen
What rap artist was quoted with the following line: "Only two things that scare me are God and the IRS."
A) Dr. Dre
B) Snoop Dogg
C) Ice Cube
D) 50 Cent
E) Grandmaster B?
A) Dr. Dre
What is the name of CLA's CEO?
Jen Leary
There are many types of financial statements. Can you name two?
Balance sheets, income statement, statement of income, statement of operations, cash flow statement, statement of equity, statement of comprehensive income.
What year was the CPA established in law?
1896