CPA

CPA stands for Certified Public Accountant. It is a professional designation given to Accountants who pass the CPA exam and meet additional state education and experience requirements. CPAs are authorized to perform accounting tasks that include Auditing financial statements, tax preparation, and consulting.

Examples of CPA roles include:

• Tax CPA: Specializes in tax planning and preparation for individuals and businesses.
• Audit CPA: Conducts Audits of financial statements to ensure compliance with GAAP.
• Consulting CPA: Provides strategic financial advice to organizations to improve profitability.

Cases involving CPAs might include:

• A CPA firm Audited a Publicly Traded Company and identified discrepancies in financial reporting, leading to regulatory scrutiny.
• A tax CPA helped a small business navigate complex tax laws to minimize liabilities and ensure compliance.
• An Audit CPA detected fraud during an Audit, resulting in legal action against the company’s management.