There are several accounting designations across Canada but only three of them are recognized professional accounting designations:
Under the proposed guidelines, the three accounting designations will merge as one accounting organization, namely Certified Public Accountant (CPA).
Accountants specialize in various areas, depending on the organization they work for.
They do a broad range of accounting, audit, tax and consulting services. Their main area is to prepare tax returns and financial statements in accordance with the laws and regulations. Accountants provide services to small and large businesses, individuals, trusts, partnerships, etc.
Some accountants specialize in auditing Financial Statements and issue an opinion on whether the statements were prepared in accordance with the accounting principles. Regulators and investors usually rely on the audited statements, especially for public-traded companies.
Forensic accountants provide services in the area of forensic accounting, financial fraud, bankruptcies, etc. They usually work closely with the authorities as part of financial investigations.
Some accountants work for organizations and help them evaluate and improve the financial internal controls. Internal controls are essential to maintaining good accounting and financial information and prevent fraud.
They work in the area of management accounting, cost accounting and budgeting. Accountants help organizations manage their costs and assets. Management accountants communicate their findings to the management of the organization.
Your accountant provides tax, audit and accounting services to small business, contractors, dentists and doctors located in Calgary and area.