A Certified Public Accountant and His Role in the Field Of Finance
Who is a Certified Public Accountant (CPA)?
A Certified Public Accountant (CPA) is the statutory title given to an accountant in the United States of America who has cleared the examination of Uniform Certified Public Accountant Examination and is equipped with the experience requirements and have also met the additional state education and experience requirements to acquire the certificate of CPA. In many states of the USA, an accountant who has passed the requisite exam but do not have the required on-the-job experience or have met it but in the meantime have lapsed their continuing professional education, are allowed to carry the designation of “ CPA inactive” or some other similar phrase.
Many states in the USA do not allow the use of the designation of the CPA in that state until and unless that individual is certified as a CPA in that state. Thus an out-of-state CPA would not be allowed to carry out his duties in that state until and unless a certificate or a license is obtained from that state.
What are the services provided by the CPA?
The most fundamental service that is provided by a CPA is that of public accounting or in other terms assurance services. While performing the assurance or public services the CPA ratifies the authenticity of the financial disclosures of the companies. Some of the parameters that the CPA adheres to are:
Many of the CPAs also work in the private sector and are employed by many corporations. They could be employed as the chief financial officer (CFO), finance manager and in many cases they might assume the responsibility of a CEO provided they have the full business knowledge and competence. In case the CPA is working in the financial sector, he cannot provide the assurance services.
A Qualified CPA can Function in Practically all the Areas of Finance that include Services like:
A qualified CPA might offer all the services while practicing as a generalist, or he might specialize in just one domain and offer services in that domain only.