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Date Created: 12/18/15
Duties of the Certified Public Accounting Firms The CPA NYC offers auditing, accounting, consulting and financial services to all the non- profit organizations, publics and private business and even the Government run agencies. Every company needs to have a state licensed CPA from state in which the business has its operations. The individual; states develop the certification and licensing needs of the certified public accounting firms. • Duties of the certified public accounting firms The CPAs provide a wide variety of the consulting and financial services, on the basis of the requirements of the companies or business which hire them and their specific goals, focus and missions. The services comprise of auditing, assurance, Information technology, Environment accounting, forensic, etc. Within the designations, the Certified Public accounting firms might possess an on or off website accountants for handling the regular accounting requirement, reviewing the monthly data for the integrity of accounting or for preparing the semi annual, quarterly or even annual tax related documents which are required for the operation of the business. • Structure of the Certified Public Accounting firms Most of the CPA firms in New York City have various certified public accountants in the company on the basis of the size of the organization. The embers of the staff comprise of the Internal Auditors. The taxing accountants, senior and junior accountant, the accounts receivable and payables technicians, software professionals, project accountant, cost accountant and other such specialized accountant on the basis of the clients list of the firm. The Certified Public Accountants partners of the firm generally manage the high end customers and all the new accounts activities. The consulting services The valuation and forensic services which are offered by the Certified Public Accounting firms help the companies to recreate the accounts record, develop the systems for inventory management and create accurate valuations of the assets. Audit services For the Certified Public Accounting firms which audit the financial statements of the public companies, the companies need to register themselves with the Public accounting over sight board which has been established by Congress. The Federal Securities related law requires all the Public listed companies to submit their finances related statements which are truthful, accurate and complete under the federally created generally accepted accounting principles which have been audited and reviewed by some independent agency. But the Certified Public Accounting agencies also undertake audits of the internal system of a company and controls for ensuring that the finance reports function in a proper way. Circular 230 Disclaimer: In conformity with U.S. Treasury Department Circular 230 the documents contained on this website and any tax advice contained herein (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Advertising Disclaimer: This site may constitute attorney advertising.
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