Public accountant renders accounting or auditing se rvices for a number of employees. A certified public accountant has earned a license in his or her state. All accountants are held to high standards of skill in issuing professional opinions.
Public accountant renders accounting or auditing se rvices for a number of employees. A certified public accountant has earned a license in his or her state. All accountants are held to high standards of skill in issuing professional opinions.
Public accountant renders accounting or auditing se rvices for a number of employees. A certified public accountant has earned a license in his or her state. All accountants are held to high standards of skill in issuing professional opinions.
A person who has the requisite skill and experience in
establishing and maintaining accuratefinancial record s for an individual or a business. The duties of an acc ountant may include designingand controlling system s of records, auditing books, and preparing financial s tatements. Anaccountant may give tax advice and pre pare tax returns. A public accountant renders accounting or auditing se rvices for a number of employees, each ofwhom pays the accountant a fee for services rendered. He or she does more than just bookkeepingbut does not general ly have all the qualifications of a certified public accou ntant. A certified public accountant is one who has earned a license in his or her state that attests to ahigh degree of skill, training, and experience. In addition to passin g an accounting examination, acandidate must have t he proper business experience, education, and moral character in order toqualify for the license. The letters
CPA are commonly used and generally recognized to
be theabbreviation for the title Certified Public Accoun tant. The practice of accounting is a highly skilled and tech nical profession that affects public welfare. Itis entirely appropriate for the state to regulate the profession by means of a licensing system foraccountants. Some st ates do not permit anyone to practice accounting exce pt certified publicaccountants, but other states use the title to recognize the more distinguished skills of a CP A whilepermitting others to practice as public account ants. All states limit the use of the title and theinitials t o those who are licensed as certified public accountan ts. All accountants are held to high standards of skill in is suing professional opinions. They can besued for Mal practice if performance of their duties falls below stan dards for the profession. West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.