Obtaining the designation of Certified Public Accountant or CPA in Denver elevates an accountant’s status among business contacts, professional colleagues, regulators, and clients. This is because a CPA has completed the required coursework, passed a four-part test, and committed to following a code of ethics.
For accountants, the CPA qualification remains the most sought-after and adaptable credential.
What Can CPAs Do That Accountants Cannot?
For companies, non-profit organizations, and governments, public accounting involves various accounting, auditing, tax, and consulting duties. Most of these functions may be performed by any competent public accountant; however, a CPA in Denver can do two jobs that an accountant without a CPA license cannot:
- Prepare financial statements that have been audited or examined, then submit a report with the Securities and Exchange Commission. The SEC requires all public corporations to produce audited financial statements.
- CPAs can also represent their clients in front of the IRS during an audit.
What a CPA Does When Working for an Accounting Firm
CPAs who work for places such as Mueller Accounting & Tax Services generally work in one of three areas: tax, audit/assurance. or management services. Here is a closer look at those services.
- Tax Services: This includes preparing and filing federal, state, and local tax returns and working with businesses and individuals during the year to help them keep their tax bills down.
- Audit/Assurance Services: Assurance services are independent professional services that help people make better financial and non-financial information decisions. Auditing is an independent review of financial and economic information to ensure that it is correct and meets standards.
- Management Services: These services help supervise and manage an organization or individual’s day-to-day activities and make long-term decisions.