A charted accountant is a professional who holds an honorable designation in the field of accounting and is certified by a statutory body based on various skills like analytical skills and corporate laws. A good charted accountant should have certain skills like problem-solving skills, commercial awareness, ethics, and professionalism.
The major services offered by Charted Accountants are
- Auditing- It is a process under which financial statements and forms are examined by the chartered accountants. The verification of financial statements is a must to avoid legal hassles. The reliability of monetary intelligence organized by the enterprise is improved after auditing. The auditing reports are used majorly by investors, creditors and financial analysts to make certain economic decisions. Auditors shouldn’t be biased to comprise their ability to express their professional opinion on the financial report.
- Tax Services- Accountants Southport Gold Coast not only helps in preparing the tax returns but also help in strategizing the business activities that will help to reduce taxes. If the business is planned and well then a considerable amount of tax can be reduced. Minimizing tax legitimate for everyone to reduce expenditure while evasion of taxes is unlawful. To minimize tax a charted accountant should be updated with tax laws.
- Management Advisory services- Charted accountants are professionals and have a significant role in managing the company’s finance. To make optimum utilization of finance the accountants give various advice that will help in growing the company.
The charted accountants provide crucial services to the organization.