ACCOUNTANTS IN SOCIETY. Accountants perform many functions in modern society, including the following: 1. Design and install

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ACCOUNTANTS IN SOCIETY. Accountants perform many functions in modern society, including the following:

1. Design and install accounting systems for businesses.

2. Conduct financial statement audits.

3. Conduct tax return audits.

4, Monitor business activity from inside the business to determine conformity with management policy.

5. Are responsible for the accounting system of a business.

6. Perform delegated accounting or auditing duties in a business or public accounting firm. : s 7. Advise individuals and businesses on the preparation of their tax returns.

8. Manage the financial resources of the organization.

REQUIRED:

Identify each function listed above with the type of accountant most likely to perform it. Simply make a list of the numbers 1 through 8 and write appropriate letters beside each number to indicate the type of accountant according to the following list: certified public accountant (CPA), tax consultant (TC), internal auditor (IA), IRS auditor (IRS), chief financial officer (CFO), controller (C), accounting consultant (AC), and staff accountant (SA).

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Financial Accounting

ISBN: 9780070213555

5th Edition

Authors: Robert K. Eskew, Daniel L. Jensen

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