Reliable CPA firms provide a range of accounting, auditing, financial and other services to different companies. Each company should at least have one state-certified CPA from the state where it operates. Cook Martin Poulson, P.C. offers a brief discussion on the important of having CPAs in your business.
Duties and Responsibilities
Top CPA firms offer a variety of consulting and financial services that are custom made to the requirements of their clients. Some of the most popular services they offer include assurance and auditing, internal accounting, business and management consulting, tax and financial planning, and environmental accounting. Within the scope provided, a CPA company may have on and off-site staff of accountants to perform the daily accounting requirements of their clients. They review the monthly reports to ensure accounting integrity. They also prepare the quarterly, semiannual or yearly tax forms required by the enterprise to operate legally within the tax framework required by law.
Most CPA companies have at least one or several certified public accountants either as partners or as the leaders of the firm. The staff members may include auditors, senior staff or junior staff accountants, accounts payables and receivables staff, IT professionals, cost accountants, tax accountants and even other specialized accountants, depending on the needs of the clients. This is one of the biggest advantages of working with a CPA company. They serve as a one-stop shop for all your accounting needs, whether you’re a budding enterprise or an established business in your industry.
CPA companies also offer what is called forensic and valuation services. They assist companies in recreating lost accounting records or conceptualizing an inventory management system. They also make precise valuations of available assets. By utilizing the latest technology available, CPA firms help a company improve its external and internal fraud detection and protection. Also, as they have carnal knowledge on the company’s financial health, they can provide appropriate financial planning and offer suggestions on asset management. For instance, after conducting a review of the company’s recordkeeping procedures and policies, the CPA company will make recommendations for improvements.
Companies can gain many benefits from getting the services of a CPA company. Not only will it ensure that they comply with the law, they also get good financial advice that can help the company plan its future.