Duties And Responsibilities Of A Certified Public Accountant In A Firm


On getting licensed as a certified public accountant you can seek work in the financial department of any organization. In a company, a CPA usually supports the organization in creating tax documentation, financial planning and the preparation of tax records.

In order to carry out the tasks above, an accountant usually has to study all financial data records that pertain to a corporation, analyze and then record the information in such a way that it is understandable to the users. Further, when required they also oversee audits on the financial data submitted to an organization by business partners.

In an organization, there is a lot of financial data that is usually coming in on a daily basis such as receipts, purchase authorizations and invoices. An accountant in a company usually has to sort through all this data, organize, and, then maintain it in the records of a company. Recording of accounting data by a CPA can be done online through digital software or stored in the form of physical records.

Organizations usually have different employees who have the authority to incur expenditure on behalf of the firm. The management of a firm cannot hope and trust that the employees with this power always work for the good of the firm. In order to ascertain that a company’s resources are being used prudently, an account usually has to assess all transactions done from the accounts of a firm and report their findings to the management.

If a firm does not do thorough income tax research, it can end up overpaying its taxes. Getting refunds from the government can be an exhausting and tiring process. To ensure that the income of a company and its tax liability are aligned, accountants usually liaise with other employees when doing tax research and planning.

Financial data is only relevant if it is accurate. An accountant has the duty of doing regular and periodic audits on the savings, expenses and financial records of a company to ensure that they are accurate. If the records are not accurate, they have the responsibility of tracing and rectifying the books of account so that the management can have an accurate and true understanding on the position of a company.

Accountants are at the thick of things when it comes to financial matters in an organization. As such, they contribute when it comes to preparation of budgets. They are also consulted by the management when the strategic plan is being formulated. This is because they have an in-depth understanding on true financial reserves of a firm.

Accountants also have a duty to study the records of an organization and provide the management with proposals on how the financial standing of a company can be improved. This is because they have an in-depth and better understanding on a firm’s current position in relation to the economic status of the region where a firm operates.

In conclusion, a certified public accountant also has the responsibility of understanding the changes in regulations in the business and accounting sector that can affect the operations of a business. Managers rely on accountants to brief on them on steps they can take to streamline the operations of a business to cope with any changes in the accounting and financial world.

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