The difference between a licensed CPA and registered CPA is:
An LCPA is a Licensed Certified Public Accountant who can practice public accounting in accordance with Section 450/8 of the Public Accounting Act. LCPAs are required to complete 120 hours of Continuing Professional Regulation (CPE) every three years including a minimum of 4 hours in professional ethics.
An RCPA is a Registered Certified Public Accountant who is prohibited from practicing public accounting as defined in Section 450/8 of the Public Accounting Act. RCPAs are not required to obtain CPE. However, the RCPA can use the title Certified Public Accountant (CPA) and prepare tax returns and provide other professional services.
An LCPA is a Licensed Certified Public Accountant who can practice public accounting in accordance with Section 450/8 of the Public Accounting Act. LCPAs are required to complete 120 hours of Continuing Professional Regulation (CPE) every three years including a minimum of 4 hours in professional ethics.
An RCPA is a Registered Certified Public Accountant who is prohibited from practicing public accounting as defined in Section 450/8 of the Public Accounting Act. RCPAs are not required to obtain CPE. However, the RCPA can use the title Certified Public Accountant (CPA) and prepare tax returns and provide other professional services.