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Role of CPAs in the Overall Economy

Withum

CPAs provide independent auditing to assure lenders and investors that companies seeking credit or capital have statements that present fairly the results of its operations and the companies’ financial position and cash flow, that the statements are free from material misstatement, and that the auditors making the attestations are independent.

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The Role Of An Accountant: A Guide To Today’s Accountant’s Roles, Duties, And Responsibilities

Snyder

The accountant’s role has long transformed from mere bookkeeping to encompassing more duties and responsibilities: from financial reporting and analyzing business performance to helping with taxation (and many more). Public accountants usually help with accounting records, financial statements, and tax filing.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

Its purpose is to ensure that financial statements provide an accurate and transparent view of the company’s financial condition and operations. The primary purposes of GAAP are to ensure consistency, transparency, comparability, and accuracy in preparing financial statements.