أخر الاخبار

What is the role of a chartered accountant?

legal accounting

Legal accounting is defined as the system used to record, summarize, analyze and classify the financial transactions of an individual or a company, in order to ensure the fairness of the financial statements of the facility, hence the importance of using a legal accountant in financial entities, to review and audit all data and accounting books and ensure their validity, and therefore it is necessary Apply all the rules of legal accounting in companies and financial institutions, and in all branches of accounting, to ensure obtaining correct financial statements without the presence of manipulation.

Chartered accountant

The chartered accountant is a professional member of the Institute of Chartered Accountants, fully qualified to provide his opinion on the financial statements of clients, after passing three years of work and training to become a member of the Institute and able to provide financial advice within accounting entities, as he works in all areas of business and finance, Including audit, tax, public and financial management, and it is present in all sectors and financial entities, whether governmental, individual or private establishments, and with the spread of business companies and financial entities, the importance of the role of the chartered accountant has increased, in order to maintain the documentation of accounts properly, so this profession has become a large part From the financial and commercial system of financial establishments, chartered accountants formed the first professional accounting body in 1854 in Scotland, then the American Institute of Lawyers was founded in 1887, and organizations of chartered accountants are now formed all over the world.
What is the role of a chartered accountant?
What is the role of a chartered accountant?

The role of the chartered accountant

Legal accounting has an important role in maintaining the credibility of financial statements in establishments and companies, in addition to preserving assets, and making sure that there is no manipulation of financial accounts, through the legal accountant’s role in reviewing and auditing, and the following are important points that clarify the role he plays:
  • A chartered accountant has all the necessary qualifications to audit all branches of accounting in a financial institution, including filing tax returns, and auditing financial statements.
  • His role is not limited to reviewing and auditing only, but also helps to provide advisory services to clients, and expresses his opinion about the company's financial statements.
  • Assists in evaluating and measuring the financial performance of the facility, after auditing and reviewing the financial statements.
  • Helps management support its correct decisions, contributes to developing future plans, and identifying business opportunities.
  • He undertakes his work through his own independent advisory office, through which he provides advice to a number of clients, or through his presence in the financial institution, but not permanently.
  • His work focuses on one of the four areas of competence in tax auditing, financial accounting, reporting, applied finance, and management accounting.
  • Owners of companies and financial institutions want to feel reassured about their money, and the validity and efficiency of the legal accounting implications, hence the need for the use of a chartered accountant, and also the importance of him being sufficiently qualified, and therefore he must complete a recognized academic program such as a three-year bachelor’s degree years or an accredited Master's degree covering accounting and business topics.
Comments
No comments
Post a Comment



    Reading Mode :
    Font Size
    +
    16
    -
    lines height
    +
    2
    -