An accountant is a practitioner of accountancy, which are the measurement, disclosure / provision of assurance about financial information that helps managers, investors and tax authorities make decisions about allocating resources. Accounting is related to the collection, recording and analysis of financial transactions but auditing means examination of books of accounts along with the proof documents.
Accountant & Auditors prepare and maintain balance sheets and financial records for companies & individuals. An auditor, a qualified accountant who audits the accounting records of a business / other organization he specializes in studying and managing business financial records for precision & accuracy. Auditors estimate financial work to help make sure that companies run proficiently. Accountants audits business accounts, they do accounting, auditing and tax work. Accountants also perform budget analysis, financial & investment planning, IT consulting related to accounts softwares and limited legal service.
Accountant & Auditors maintain accurate finance records, make sure a company's taxes are paid in time, without dues, and assist supervise its operations. They analyze organization financial information & communicate with people, other organizations, and government representative persons requiring information about a company's finances details. Aside from giving financial status to clients, accountants and auditors give financial planning services, budget analysis, legal services, and IT (Information Technology) services.
Accountant and auditor specialists based up on the field they work in. The majority of accountants and or auditors work in public, management, internal, and government accounting.
Public accountants give a kind of tax, auditing, and consulting services for governments, corporations, individuals, or nonprofit organizations. Public accountants consult their clients about tax advantages & disadvantages related to business options, and they do income tax returns. Others consult their clients about compensation and employee health care benefits, the development of accounting & data processing systems, and implementing plus protection controls. External auditors check financial statements, notify investors and legal authorities the statement have been properly prepared & reported. Many public accountants are also CPAs (Certified Public Accountants) who work for accounting firms or run their own.
The Accountants and Auditors responsibilities are changing because of technology changes. Utilizing special software, transactions listed in standard formats, short time it takes to record and maintain data. They can use latest technology to take information from their client's computers and be more accessible.
Accountants offer advisory services. Accountants suggest clients on managing budgets, valuable finance management, risk reduction and retirement planning. People depend on trustable accountants to give financial advice, but accountants who prepare financial statement for a client cannot give other consulting work to the same client.
Accountants and Auditors in the UAE (United Arab Emirates) are having great importance to the development of accounting & auditing profession because this profession with great importance in assisting the investment environment & economic development in the state and through communication with the official professional and provide many programs & activities to help the profession and the members and the community.
Accountants help their clients accomplish their goals by providing best quality services in accounting, audit and related professional works. They know that professional approach to the clients' needs in a very responsive and with personal care to every client is valuable to their shared success. They consistently strive to give exceptional, industry specific works to clients and maintain a dynamic work environment that encourages personal & professional growth for all their employees. They are committed to the pursuit of professional excellence and their values dictate that they do so without compromise. Their core values are professionalism and quality.