CPA
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A CPA (Certified Public Accountant) is a licensed financial expert who analyzes financial records, prepares taxes, performs audits, and advises individuals/businesses, holding the highest standard in accounting by passing the rigorous CPA Exam and meeting education/experience requirements. CPAs offer services beyond standard accountants, like auditing public companies and signing off on SEC filings, working in various roles from corporate finance to forensic accounting and personal planning.
What a CPA does:
Auditing & Assurance: Audits financial statements to ensure accuracy, a key function only CPAs can perform for public companies.
Taxation: Prepares and files tax returns, offers tax planning, and ensures compliance with complex tax laws.
Financial Planning: Advises clients on budgeting, forecasting, and achieving financial goals.
Financial Reporting: Prepares financial statements, manages budgets, and analyzes financial data.
Consulting: Provides expertise in areas like management consulting, forensic accounting, and IT assurance.
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