There are many differences between an Accountant and a Certified Public Accountant. While both professionals perform similar tasks, they have different specialties and levels of education. An Accountant prepares your business’s annual tax returns, while a CPA is familiar with complex tax laws and can help you with problems. A CPA will represent you in front of the IRS, which can be helpful if you’re audited by the IRS.
The American Institute of Certified Public Accountants is the governing body for CPAs. These professionals provide assurance services. While they are both responsible for maintaining books and accounts, CPAs are not required to audit companies. While any accountant can prepare a compiled financial statement, only CPAs can prepare an audited financial statement. However, any accountant can prepare an audited financial statement. In addition to this, CPAs must be licensed in their state.
While both professions require a bachelor’s degree in accounting, there are important differences between the two. An Accountant works in a finance department alongside other professionals and may assist a senior accountant. On the other hand, a CPA can work with a wide variety of clients, including government entities. Additionally, an Accountant may have the option of pursuing a career in the finance industry by obtaining the Chartered Financial Analyst (CFA) designation.
A CPA is a professional who has successfully completed a rigorous training program in accounting and can act as a trusted expert for a company. A CPA can also represent a company legally before the IRS. As the only professional who can prepare audit reports and represent a company in front of the IRS, a CPA is considered an expert in their field. If you’re looking for a specialist in one particular field, a specialized Accountant can help you in your industry. More relevant information.
A CPA is a professional who has passed the certification exam to become an accountant. An Accountant, on the other hand, is a business advisor who prepares tax returns for businesses. A CPA is also expected to maintain a high level of professionalism. These two professionals can handle many different types of accounting. While an Accountant can be more versatile and specialize in one area of the industry, a CPA is an expert in one field.
A CPA is a professional who has passed a certification exam. They are both required by law to perform their duties and must follow a strict code of ethics. They can be a good tax advisor but not a CPA. A Certified Public Accountant will be able to advise businesses on the proper way to tax compliance. This is the difference between an Accountant and a CPA. A great read here.