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
4
Willful failure to pay taxes is called?
Tax evasion
The CLA Atlanta has 5 main service lines. Can you name two of these service lines?
tax, audit, CAAS, wealth advisory and telecom
What are the three branches of accounting?
Financial Accounting, Mangement Accounting and Cost Accounting
What is the number of Education Hours required for the CPA Licensure in Georgia?
150 credit hours
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
The most misused Social Security number of all time was 078-05-1120. In 1938, as part of a promotion to sell wallets through Woolworth and other department stores, wallet manufacturer E. H. Ferree Company wanted to demonstrate how a Social Security card would fit into its wallets. A sample card was placed inside each wallet and displayed the Social Security number of the company's secretary, Mrs. Hilda Schrader Whitcher. Even though the sample card was half of the size of an actual Social Security card, was written in red, and had Specimen written in bold, many people confusedly used this as their own Social Security number.
In all, about how many people do you think reported 078-05-1120 as their Social Security number?
40,000
CLA has a CEO who is based out of our Charlotte office. She often travels to different offices and locations. 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.
CLA offers a pre-exam and completion bonus for those who pursue their CPA. What is the total bonus amount that CLA employees are eligible?
A. $4,250 - 5,250.
CLA employees are eligible for a $2,250 pre exam bonus as well as a completion bonus of $3,000 if they complete the CPA within their first year. Completion of CPA exam any time after the first year is a $2,000 bonus.