Certified public accountants (CPAs) function as independent auditors and act as advisors to individuals, businesses, financial institutions, non-profit organizations and government agencies on a wide range of finance- and tax-related matters. They are also employed as financial managers in industry and hold key positions at various levels in both government and education.  While most people use the terms "accountant" and "CPA" interchangeably, there is a big difference. CPAs are required to pass a rigorous exam to receive their license and are also required to meet a minimum requirement of 40 hours of continuing professional education courses annually.  They perform a number of jobs that accountants do not.