accountant

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Accountant

A person who has the requisite skill and experience in establishing and maintaining accurate financial records for an individual or a business. The duties of an accountant may include designing and controlling systems of records, auditing books, and preparing financial statements. An accountant may give tax advice and prepare tax returns.

A public accountant renders accounting or auditing services for a number of employees, each of whom pays the accountant a fee for services rendered. He or she does more than just bookkeeping but does not generally have all the qualifications of a certified public accountant.

A certified public accountant is one who has earned a license in his or her state that attests to a high degree of skill, training, and experience. In addition to passing an accounting examination, a candidate must have the proper business experience, education, and moral character in order to qualify for the license. The letters CPA are commonly used and generally recognized to be the abbreviation for the title Certified Public Accountant.

The practice of accounting is a highly skilled and technical profession that affects public welfare. It is entirely appropriate for the state to regulate the profession by means of a licensing system for accountants. Some states do not permit anyone to practice accounting except certified public accountants, but other states use the title to recognize the more distinguished skills of a CPA while permitting others to practice as public accountants. All states limit the use of the title and the initials to those who are licensed as certified public accountants.

All accountants are held to high standards of skill in issuing professional opinions. They can be sued for Malpractice if performance of their duties falls below standards for the profession.

accountant

noun bookkeeper, calculator, certified public accountant, chartered accountant, clerk, reckoner, recorder, registrar, statistician
See also: comptroller

ACCOUNTANT. This word has several significations: 1. One who is versed in accounts; 2. A person or officer appointed to keep the accounts of a public company; 3. He who renders to another or to a court a just and detailed statement of the administration of property which he holds as trustee, executor, administrator or guardian. Vide 16 Vin. Ab. 155.

References in periodicals archive ?
A qualified accountant, Mr Lowry will be handling deals which are worth up to pounds 40 million.
Qualified accountant Mr Thomas, who comes from Durham City, has joined the company from accountants Vantis plc and is responsible for financially assessing firms seeking investment from NEL.
But qualified accountant Brattbakk has admitted: "Copenhagen is a very exciting prospect and I'd have no problems settling into the club.
She also called for strengthening the definition of the independent qualified accountant and pointed out the extensive continuing professional education and peer review requirements for AICPA members.
He is a qualified accountant with more than 25 years' experience in both financial and operational positions.
I'm a qualified accountant with experience In practice and in banking, and I'm now commercial director at a flooring materials business in London.
David, whose skills include being a qualified accountant, marketer, PR expert, journalist, NLP trainer and qualified hypnotherapist, said that the most important thing is to have fun when you're in business.
Mr Whitmore is a qualified accountant and a fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).
A local qualified accountant with senior level expertise in the private, public or voluntary sectors, is sought for the post.
Doug Taylor, who lives in Derwentside, is a qualified accountant with more than 40 years experience of the public and voluntary sectors.
BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 1114) ANNOUNCEMENT CHANGE OF QUALIFIED ACCOUNTANT

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