Asked by Emmanuel Munashe Matimba on Jul 28, 2024
Verified
Which type of accountant typically practices as an individual or as a member of a public accounting firm?
A) Certified Public Accountant
B) Certified Payroll Professional
C) Certified Internal Auditor
D) Certified Management Accountant
Certified Public Accountant
A designation given to accounting professionals who have passed the CPA exam and met additional state certification and experience requirements.
Public Accounting Firm
An organization that provides a range of accounting services to the public, including auditing, tax preparation, and consulting services.
- Distinguish the diverse sections of accounting and their impact on business decision-making processes.
Verified Answer
CA
Cinthya ArenasJul 28, 2024
Final Answer :
A
Explanation :
Certified Public Accountants (CPAs) typically practice as individuals or as members of public accounting firms. They provide a range of accounting services to individuals, businesses, and organizations, including tax preparation, auditing, financial planning, and consulting. CPAs are also licensed by state boards of accountancy and must pass a rigorous exam in order to qualify for the certification. Certified Payroll Professionals, Certified Internal Auditors, and Certified Management Accountants may also work in public accounting firms, but it is not their typical or primary practice area.
Learning Objectives
- Distinguish the diverse sections of accounting and their impact on business decision-making processes.
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