SAGE ACT PRO 2013 SUPPORT PHONE NUMBER PROFESSIONAL
Roles of Professional Accountants in BusinessĪ competent professional accountant in business is an invaluable asset to the company.
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Without public understanding of all these diverging roles and responsibilities of different accounting specialists working in business, public perceptions of their value may be misinformed. Like their counterparts in taxation or auditing, professional accountants in business play important roles that contribute to the overall stability and progress of society. As such, professional accountants in businesses therefore have the task of defending the quality of financial reporting right at the source where the numbers and figures are produced! Management is responsible for the financial information produced by the company. Professional accountants in business often find themselves being at the frontline of safeguarding the integrity of financial reporting. The importance of the role of professional accountants in business in ensuring the quality of financial reporting cannot be overly emphasized. Their wide ranging work and experience find commonality in one aspect – their knowledge of accounting. Besides these roles, professional accountants take on a vast array of other roles in businesses of all sorts including in the public sector, not-for-profit sector, regulatory or professional bodies, and academia. What do the independent director, the internal auditor and the chief financial officer of companies all have in common? The individuals in these positions could all be professional accountants working in businesses. The functions performed by the vast number of professional accountants who work in businesses are often forgotten and not well understood.
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When asked what accountants do, responses often mention roles such as tax agents and independent auditors. This article originally appeared in the China Accounting Journal, published by the Chinese Institute of CPAs. Len Jui, CPA, MBA, and Jessie Wong, CPA, Ph.D.