Growth in the economy brings a heightened need for individuals to inspect financial records and ensure everything is being handled in a compliant, efficient, and optimal manner. Accountants analyze and communicate financial information for various entities such as companies, individual clients, and Federal, State, and local governments. Accountants and auditors help to ensure that firms are run efficiently, public records kept accurately, and taxes paid properly and on time. An audit conducted in accordance with GAASand relevant ethical requirements enables the auditor to form that opinion. Information systems experience, financial or operational auditing experience, or related college credit hours can be substituted for up to 2 years of information systems auditing, control or security experience. Accountants also are beginning to perform more technical duties, such as implementing, controlling, and auditing computer systems and networks and developing technology plans. California, Colorado, New Hampshire, and Vermont are the only States that do not require 150 semester hours for certification. Auditing provides assurance to investors and creditors that company funds are handled appropriately. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently. CPAs with these designations demonstrate a level of expertise in these areas in which accountants practice ever more frequently. Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. Accountants and auditors prepare and examine financial records, identify potential areas of opportunity and risk, and provide solutions for businesses and individuals. Any accountant who passes a national exam and meets the other requirements of the State where they practice can become a CPA. As these businesses grow, the volume and complexity of information reviewed by accountants and auditors regarding costs, expenditures, taxes, and internal controls will expand as well. Specific job duties vary widely among the four major fields of accounting and auditing: public accounting, management accounting, government accounting, and internal auditing. Professional recognition through certification or other designation provides a distinct advantage in the job market. Almost half of all accountants and auditors worked a standard 40-hour week in 2008, but many worked longer hours, particularly if they are self-employed and have numerous clients. Bookkeeping, Accounting, and Auditing Clerks, Examine financial statements to ensure that they are accurate and comply with laws and regulations, Compute taxes owed, prepare tax returns, and ensure that taxes are paid properly and on time, Inspect account books and accounting systems for efficiency and use of accepted accounting procedures, Assess financial operations and make best-practices recommendations to management, Suggest ways to reduce costs, enhance revenues, and improve profits. Accountants and auditors typically do the following: In addition to examining and preparing financial documentation, accountants and auditors must explain their findings. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently. The vast majority of States require CPA candidates to be college graduates, but a few States will substitute a number of years of public accounting experience for a college degree. Auditors employed by federal, state, and local governments ensure that revenues are received and spent in accordance with laws and regulations. Forensic accountants also will be needed to detect illegal financial activity by individuals, companies, and organized crime rings. Management accountants—also called cost, managerial, industrial, corporate, or private accountants—record and analyze the financial information of the companies for which they work. They analyze and interpret the financial information that corporate executives need to make sound business decisions. The continued globalization of business also will lead to more demand for accounting expertise and services related to international trade and accounting rules and international mergers and acquisitions. Beyond carrying out the fundamental tasks of the occupation—providing information to clients by preparing, analyzing, and verifying financial documents—many accountants also offer budget analysis, financial and investment planning, information technology consulting, and limited legal services. Some may be able to do part of their work at home. Most States also require applicants for a CPA license to have some accounting experience; however requirements vary by State or jurisdiction. Many accountants and auditors specialize, depending on the particular organization that they work for. They analyze and communicate financial information for various entities such as companies, individual clients, and Federal, State, and local governments. To ensure that weaknesses in the internal control system are corrected b. Because financial decisions are made on the basis of their statements and services, accountants and auditors should have high standards of integrity. In ethics and governance, accountability is answerability, blameworthiness, liability, and the expectation of account-giving. Tax specialists often work long hours during the tax season. To provide an accurate and fair view of the financial statements to various users. Audit is an important term used in accounting that describes the examination and verification of a company’s financial records. All States use the four-part Uniform CPA Examination prepared by the American Institute of Certified Public Accountants (AICPA). Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms. The following are examples of types of accountants and auditors: RaiseMe partners with universities to offer students scholarships for their achievements during high school and college. In the United States, accounting and auditing standards are promulgated and regulated by various federal, state, and self-regulatory agencies. To ensure the quality of audits, accountants generally rely on peer reviews conducted by one firm of another. Education and training. An increase in the number of businesses, changing financial laws and corporate governance regulations, and increased accountability for protecting an organization’s stakeholders will drive job growth. Many accountants work on teams with others who have different backgrounds, so they must be able to communicate accounting and financial information clearly and concisely. In 2014, about 1 in 5 worked more than 40 hours per week. Accountants and auditors help to ensure that firms are run efficiently, public records kept accurately, and taxes paid properly and on time. High-level senior accountants may receive additional benefits, such as the use of a company car and an expense account. 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