The Definition of a Certified Public Accountant
A special type of accountant is called as the CPA which means Certified Public Accountant. This is officially the title of a person that has been able to successfully pass the Uniform Certified Public Accounting Examination. This is also a professional that has been able to meet some of the experience requirements and additional state education as well so that they may be able to have this kind of certification. This is the kind of test that needs 150 hours of special education and to make matters worse this is also a test that can be quite grueling.
However, the question is does this mean anything at all to you as an owner of a business? Should you have a regular accountant or is it necessary that you will have a Certified Public Accountant by your side? Or is hiring a bookkeeper enough for your business to be able to survive?
There are a lot of people that are making use of the term interchangeably the Missouri CPA and accountant and what these people do not know is that there is a great difference between these two. The title Certified Public Accountant is actually carrying a lot of weight not only within the accounting profession but also in the financial community.
What are the Services offered by the Certified Public Accountant?
When it comes to public accounting, what you should know is that the accounting services like Missouri Financial Statements being offered to any business is based on a contract. This is a contract wherein the Certified Public Accountant attests to and is able to give assurance that the provided financial statements are accurate and reasonable. Aside from that, the Certified Public Accountant also attests that these financial statements are adhering to the accepted principles in accounting. The Certified Public Accountants also are attesting to the statements being free from any material misstatement.
The Certified Public Accountant serves as an auditor which means that one has to make sure to maintain independence from any entity that are performing a review and audit. Most of the time this is termed as the attestation.
It is also possible for the Certified Public Accountant to work as a consultant. This means that the Certified Public Accountant may be able to advise the companies on what business practices are acceptable. Most of the time these kinds of Certified Public Accountant that are working as consultants will not work as an auditor for the company.
Please visit https://www.reference.com/business-finance/job-description-certified-public-accountant-a327b59b727e60d to learn more.
