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Fields of Accounting

  • Assurance Services
  • Business & Industry
  • Consulting Services
  • Education
  • Environmental Accounting
  • Forensic Accounting
  • Information Technology Services
  • International Accounting
  • Non-Profits
  • Public Accounting
  • Tax and Financial Planning

  • Assurance Services - Today’s business environment is marked by increased competition and the need for faster and better information for decisions. Businesses and their customers need independent assurance that the information on which decisions are based is reliable. By virtue of their training, experience and reputation for integrity, CPAs are the logical choice to provide this assurance. Think of a hot growth area in the economy and you will find a need for assurance services. Electronic commerce, risk management and elder care are just a few areas where CPAs use their analytical and information processing skills to ensure and improve the quality of information for decision makers.

    Business & Industry - Start up companies such as web service providers and established companies such as Monsanto and Bank of America need CPAs in order to advise them on business and financial decisions.

    Consulting Services - CPAs are engaged by individuals, businesses, financial institutions, not-for-profit organizations and governmental agencies to provide objective advice and technical assistance on a variety of business and financial situations.

    Education - All the amazing CPAs learned from experts – CPAs serve as professors in colleges and teachers in high school courses.

    Environmental Accounting - As businesses take a greater interest in the environment, CPAs are now involved in everything from environmental compliance audits and handling disputes, to setting up preventive systems to ensure compliance and to avoid future disputes among businesses, local government, federal agencies, etc.

    Forensic Accounting - Forensic accountants look beyond the surface of accounting records to determine if fraud has been committed and search for evidence of criminal conduct. As such, forensic accountants also often assist legal professionals in the litigation process. Recently, the United States has frozen all assets with ties to terrorists. Who helped track down these assets? CPAs!

    Information Technology Services - The growth in information technology has created numerous job opportunities for accounting professionals with strong computer skills who can design and implement advanced systems to meet an organization’s specialized needs.

    International Accounting - As the world has become more global in nature, cross-border transactions have become more commonplace. This has created a need for accountants possessing a knowledge and understanding of international trade rules, government regulations and tax laws.

    Non-Profits - CPAs are vital to non-profit corporations that help people with everything including, financial planning, AID prevention and art outreach. CPAs serve as financial consultants, controllers, fundraising managers and other critical aspects of non-profit organizations.

    Public Accounting - CPAs in public accounting are usually best known for doing audit work. (An audit is a formal examination, correction and official endorsing of financial accounts, especially those of business, undertaken annually by an accountant.) However, public accountants need to have knowledge about state and federal laws, computer technology, tax issues and management operations. CPAs can work in public accounting in large international firms such as the “Big Four” or local, smaller accounting firms, as well for themselves as sole practitioners.

    Tax and Financial Planning - CPAs offer assistance to individuals, companies and organizations in identifying financial objectives and counseling them on the risk, liquidity and management and tax characteristics of investments. As tax and financial planning specialists, CPAs are involved in everything from preparing tax returns to helping restructure a multinational corporation’s investment portfolio to minimize its tax liability.