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Estate Executors Must Provide Beneficiaries With Proper Accounting. Under California law, executors of a will must file an accounting of all of the transactions they have conducted while administering the estate. The executor must file this accounting with the probate court.

A: No. Once you have passed all four sections of the Uniform CPA exam, your exam credits do not expire. However, the ethics examination expires within 24 months of passing, so it is recommended that you take that examination close to the time you are ready to apply for licensure.

This is a simple Form of a Waiver of Accounting and Release. It may be used in the administration of an estate where the beneficiaries are comfortable with the job the executor (executrix, personal representative, etc.) has done, and there is no reason for the beneficiaries to request or demand a formal accounting.

You do not need an accounting degree to be eligible for CPA licensure. California requires 24 semester units in accounting subjects and 24 semester units in business related subjects, 20 semester units in accounting study and 10 semester units in ethics, but many CPAs major in other business studies and then take ...

Unless beneficiaries of a trust waive an accounting, trustees usually must perform and provide an accounting to beneficiaries. Trustees should conduct an accounting until they close the trust. If beneficiaries request an accounting, a trustee must furnish beneficiaries with an accounting within 60 days of the request.

A final account does not have to be filed if all the persons entitled to distribution of the estate sign a written waiver of account or a written acknowledgment of receipt of their share of the estate.