What are the Chartered Accounting Firms doing?

Chartered Accounting FIMMS employ accountants with specific professional qualifications. Such companies can provide a number of services, especially categorized as accounts, audit accounts and advisory services. Some specific services from Chartered Accounting FIMMS require other qualifications. Similar organizations exist in many countries that are members of community, such as Canada. The term and concept work in accordance with the certified public accountant system in the United States. One of the key differences is that, unlike CPA in many US countries, the role of authorized accountants in some countries is simply a professional qualification and is not a legal requirement for practicing accounting.

The main service of most authorized accounting companies is preparations. This requires an understanding of the legal requirements of the country for the format and content of the company's accounts as well as mathematical and organizational skills. Such requirements are designed to be shareholdersInformed and allowed a fair comparison between the financial performance of various companies.

Many authorized accounting companies also perform audits. This is a review of accounts that have already been prepared either by the company itself or an accounting company itself. The audit is designed to be an independent review of accounts, which gives the readers confidence that the details are correct and not misleading. In some countries like India, only authorized accountants can legally perform an audit.

Another joint work for authorized accounting companies is consulting services. From a financial point of view, this may include high -inferior, how the company could be able to work more efficiently or get better loans or investment solutions. It is generally considered to be proven procedures that the accounting consulting of the company also does not work as its auditors, although the legislation in this point differs from country to country.

Mapped accounting companies can also offer specialized services. This may include the preparation of tax returns for the Company or to offer advice on minimizing tax obligations. It may also include bankruptcy -related services. Some countries have laws that mean that authorized accountants must obtain further qualifications before the offer of such services.