A certified public accountant or a CPA is a professional who has passed the CPA exam and who has fulfilled all sorts of work experience and state education requirements needed to become a licensed CPA which has been set forth by the board of accountancy where the candidate has applied. A CPA license is more like an attorney’s license and CPAs are usually licensed in one state.
The certified public accountants have several career paths and they have plenty of options available to them. To know more on CPAs, you may visit pstein.com/. Read on to inform yourself on the different ways in which a CPA can assist your business financially.
REVIEW and AUDITING
One of the foremost jobs of a CPA in the field of public accounting is auditing the financial statements of a client and issuing a strong opinion of the financial statement. The auditor will be an unbiased third party who will evaluate and review the fiscal statements which are prepared by the management of the company. Nowadays, all the public companies need to have a CPA who can audit their financial statements.
You may not have been aware of this but the CPAs are also engaged in different sorts of consulting services to assist the clients in recognizing their business issues and run operations effectively. There are some consultations which consist of determining internal controls and recognizing possible improvements in operations.
TAX PREPARATION SERVICES
One of the most popular career options for a CPA is within the tax preparation industry. Here, they have to prepare different sorts of client tax forms from income taxes to property taxes. You can also advise clients on the strategies and tactics if how they can structure the affairs to reduce tax burden.
FORENSIC ACCOUNTING SERVICES
Too often it is seen that the owners and employees squeeze money from the company and such schemes are caught until it’s time for another event. Sometimes, it takes even months and years to uncover such a complex embezzlement scheme. Henceforth, the CPAs are hired to dig in through monetary records, recognize whether money is stolen and report any kind of illegitimate activities.
Hence, as we see, there are so many career opportunities which are there for the CPAs or the certified public accountants. In case you seem to be interested about going into accounting, it is highly important to remain certified. Once you’re into it, you will never regret.