Which of the following finance careers typically requires the highest level of formal education?

• A. Certified Public Accountant (CPA)
• B. Chief Financial Officer (CFO)
• C. Professor of Accounting at a university
• D. Forensic Accountant

Answer: (C)

Verified step by step guidance

1. Understand the educational requirements for each career option provided in the question.
2. Certified Public Accountant (CPA): Research the qualifications needed to become a CPA, which typically include a bachelor's degree in accounting and passing the CPA exam. Some states may require additional coursework or a master's degree.
3. Chief Financial Officer (CFO): Analyze the qualifications for a CFO, which often include extensive experience in finance and accounting, but not necessarily a formal advanced degree. Many CFOs hold bachelor's degrees and professional certifications.
4. Professor of Accounting at a university: Investigate the qualifications for this role, which typically require the highest level of formal education, such as a Ph.D. in Accounting or a related field, along with research and teaching experience.
5. Forensic Accountant: Examine the qualifications for forensic accountants, which usually include a bachelor's degree in accounting, specialized training in forensic accounting, and certifications like the Certified Fraud Examiner (CFE).