Certified chartered accountants are professionals who belong to the Association of Certified Chartered Accountants (ACCA). They get legal protection from this accounting body. Accounting is a fun job for anybody who enjoys solving problems and is obviously very good with numbers. These accountants can work for financial services, corporates or public practice. Their main task is to ensure that there is maximum profit for their employer. Here are some of the roles of a chartered certified accountant.
Carry Out Audits
Every business or organisation must undertake an audit at some point in the year. An audit enables an organisation to know its financial position at a particular moment. Auditing involves the investigation of financial irregularities, inspecting the practices of the organisation and analysing the risks taken by the organisation. Accountants offer recommendations on how to improve finances at the final output of the audit.
Give Business Advice
People do not regard accountants as business advisers, but they are actually the best. They have a lot of knowledge as they work with clients from different types of businesses. They also know the finances required to do certain business activities and are, therefore, assets in the organisation. Chartered certified accountants give unbiased ideas and warn organisations of potential risks.
They help organisations to plan taxes within the current legislation. This enables organisations to reduce tax liabilities and pay the lowest amount of tax according to the law. They also help in sorting out the taxes involved in business mergers and acquisitions.
Discuss Terms with Other Organisations
Accountants are the right people to discuss business dealings with other organisations. They are well-equipped to strike the best deals for the company due to their experience in finances. Organisations rely on experienced accountants to strike deals with suppliers and other business associates.