5 Lesser-Known
Facts About CPAs
That You Should
Know
CPAs Have a Global Outreach
Certified Public Accountants (CPAs) enjoy global
recognition because of their degrees. A CPA is
considered one of the top minds in the financial sector
and therefore is respected and considered to be the
‘premium class’ of financing professionals across the
whole world. However, specific states and countries
have specific requirements and examination procedures
for this designation.
CPAs are Getting Accustomed to Technology
As days are advancing, CPAs are constantly adapting
themselves to newer technologies like data analytics, and
artificial intelligence. Other than that, they are also being
trained to handle automation and software optimally. This
results in their workflows getting fast, which thereby increases
the speed of deliverable results. Such technologies also ensure
that the work is done efficiently, without committing any
errors.
CPAs Play Diverse Roles
We have been used to seeing CPAs as financial planners
and tax filers. But CPAs play a lot more diverse role in
their professional lives. Other than analyzing reports, and
filing taxes, they also help with auditing services,
consultation with the management, forensic accounting,
etc. Even, a professional CPA in West Hollywood can also
help you with personal financial planning and guide you
through your investments and savings.
CPA- The Designation Has a Long History
People might think that CPA is one of those professions which
has evolved recently much like data science. But in reality,
the degree has a long history. It is one of the oldest
professional degrees that a financial wizard can obtain, which
began in the early 20th century in the US. The Uniform
Accountancy Act of 1917 made way for regulating the
accounting profession and maintaining higher standards. So,
being a CPA in West Hollywood make you a part of this
glorified history!
CPAs Also Have The Niche Game
If you were of the notion that CPAs have to know
every sector, you were wrong. CPAs also have niche
games within them. Some CPA-certified professionals
specialize in different industries or sectors. Some
professionals focus on serving specific industries like
healthcare, entertainment, and even NGOs.
Thank You