Accounting Information Systems 7th Edition by Cynthia Heagy,Constance Lehmann

Exercise 10

"All those certifications like the CMA and CIA are a waste of time, effort, and money. Every accounting student should sit for the CPA examination, regardless of where he or she intends to finish up, because the CPA license is the only one that's recognized. Getting some other certification is like going to a school that's not accredited."
Required:
Discuss this statement.