It’s common knowledge that accountants are an essential position in any industry. While most understand their importance, many believe that there is just one type of accountant out there.
The truth is that there are several different types of accountants that can handle different financial responsibilities. If your business needs to fill a temporary accounting position, it’s important to hire the right accountant for your needs.
Here’s a closer look at different types of accountants in the financial world and how OSMEAC Solutions can help you fill a temporary position without breaking your budget.
Certified Public Accountants (CPA)
CPAs are accountants who specialize in four accounting fundamentals:
- Auditing and attestation
- Financial accounting and reporting
- Business environment and concepts
CPAs help ensure businesses of all sizes follow generally accepted accounting principles (GAAP). They practice general financial tasks for businesses that keep their practices in compliance and their books properly balanced.
An experienced CPA is invaluable to the success of any business.
Sometimes financial data is difficult to obtain or is incomplete. A forensic accountant can help an entity collect and recover financial data through well-practiced investigative skills and collaborations with other parties.
Some forensic accountants put their expertise to use for government entities. Yet, many prefer to put their resourcefulness to work for law firms, corporations, and private entities.
So, if your books are so scrambled that you need an expert to piece together the puzzle of your financial statements, a forensic accountant can offer the help you need, today.
A corporate accountant is responsible for handling several financial essentials for larger entities.
Some of the responsibilities a corporate accountant has are:
- Filing financial data
- Creating external reports
- Ensuring a corporation remains tax compliant
- Keeping a corporation in compliance with GAAP, International Financial Reporting Standards, and the Internal Revenue Code
Auditors are an important part of accounting because they help keep companies with extensive financial records out of trouble. Auditors help ensure that a corporation is always in line with federal tax laws and industry accounting standards.
If discrepancies in tax practices are found, internal auditors can help a business get back on track before their discrepancy becomes a problem with the government.
Investment accountants work outside of the realm of tax regulations. Investment firms and brokers often rely on the expertise of an investment accountant to:
- Help them understand how an investment will impact their taxes
- Know what types of viable investment opportunities are on the horizon
- Form the entity’s financial strategy
- Keep the entity in compliance with industry standards with each investment opportunity
Find the Accountant Your Entity Needs Through OSMEAC Solutions
If your company is in a position where it needs an accountant but doesn’t have the means or time to get through the full-time hiring process, OSMEAC Solutions can help! We are a team of financial professionals that offer contract-based, remote accounting solutions to businesses across the country.
We’re ready to help you meet your accounting needs at a reasonable price. Contact us today to learn more about our services and speak with a member of our accounting team.