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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.


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 ?
The accountancy experts say the fear of losing trade has put regional business owners in the uneasy position of accepting every contract available.
Mure is presiding over the tax tribunal with accountancy experts Dr Heidi Poon and Scott Rae.
Accountancy experts estimate the super-wealthy brought forward around pounds 20billion in bonuses and other payments to avoid the new tax that April.
Senior business and accountancy experts will be on hand at each session to answer questions and offer free, no obligations advice on a confidential one-to-one basis on a wide range of topics.
Last month the ECHO revealed Merseytravel had hired accountancy experts Deloitte to carry out a capital review of the scheme costs.
Accountancy experts are said to be sifting through literally hundreds of thousands of documents.
Last month it was revealed Merseytravel had hired accountancy experts Deloitte to carry out a capital review of the scheme costs.