ABAs specialize in accounting services for individuals and small to medium size businesses. They can provide personalized financial reports and interpret those reports for you. These professionals have passed the standardized ACAT examination which tests technical proficiency in financial accounting, reporting, statement preparation, taxation, business law, consulting services, and ethics, and have a minimum of three years of work experience in the accounting/taxation field. Many CPAs and Enrolled Agents have also obtained the Accredited Business Accountant credential. In states where use of the term "Accredited Business Accountant" is prohibited by state law, individuals are referred to as "Accredited Business Advisors." Some states permit use of the term Accredited Business Accountant; others permit use of Accredited Business Advisor only.