An Accountant is skilled in keeping accounts and books of accounts correctly and properly.
There are many different types of accountants. These include:
Auditing is the study of records and reports of an enterprise by accounting specialists. Auditors help to ensure firms efficiency by keeping public records accurate and confirm payment of taxes properly and on time. Auditors analyze and communicate financial information for various entities such as companies, individual clients, and local governments. They also provide information to clients by preparing, analyzing, and verifying financial documents.
Forensic accounting is where accounting, auditing, and investigative skills are used to assist the court in legal matters. Forensic accountants are also known as forensic auditors or investigative auditors. They investigate white-collar crimes including issues like securities fraud, embezzlement and bankruptcies.
A public accountant is a general accountant who either works for an accounting firm or has his or her own private practice. Public accountants’ daily tasks include auditing, tax and financial planning, and consulting and providing advice about compensation and benefits.
A tax professional is specifically trained in the field of taxation.
A financial advisor is a person who provides investment advice and financial planning services to individuals, organizations, and governments. Usually, a financial advisor consults with clients with an intention to better their financial situations.
Accounting consultants are people with high subject matter expertise in preparing financial reports, pro-forma financial statements and reports. They also analyze, interpret and evaluate financial statements and reports for various regulatory and statutory authorities and internal management of organizations. Accounting consultants can help a business with all of its financial needs.
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