![]() ![]() Forensic accountants combine their knowledge of accounting and finance with law and investigative techniques to determine if an activity is illegal. Some public accountants specialize in forensic accounting, investigating financial crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and potentially criminal financial transactions. Publicly traded companies are required to have CPAs sign documents they submit to the Securities and Exchange Commission (SEC), including annual and quarterly reports. Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms. For example, some public accountants concentrate on tax matters, advising corporations about the tax advantages of certain business decisions or preparing individual income tax returns. These include tax forms and balance sheet statements that corporations must provide to potential investors. Public accountants work with financial documents that clients are required by law to disclose. Their clients include corporations, governments, and individuals. Public accountants perform a broad range of accounting, auditing, tax, and consulting tasks. The following are examples of types of accountants and auditors: Other organizations specialize in specific industries, such as healthcare. ![]() Some work for organizations that specialize in assurance services (improving the quality or context of information for decision-makers) or risk management (determining the probability of a misstatement on financial documentation). Many accountants and auditors specialize, depending on the particular organization that they work for. This includes preparing written reports and meeting face-to-face with organization managers and individual clients. In addition to examining and preparing financial documentation, accountants and auditors must explain their findings. Suggest ways to reduce costs, enhance revenues, and improve profits.Assess financial operations and make best-practices recommendations to management.Organize and maintain financial records.Inspect account books and accounting systems for efficiency and use of accepted accounting procedures.Compute taxes owed, prepare tax returns, and ensure that taxes are paid properly and on time.Examine financial statements to ensure that they are accurate and comply with laws and regulations.Accountants and auditors typically do the following: ![]()
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