The specialization of a certain accountant will vary, a certified public accountant is one of them. CPA is a title given to an accountant who has done everything that has to be done like additional education as well as taking an examination that will help him/her be ready for the task ahead. The test is not easy, many will not pass and the title requires 150 hours of additional education.
A certified public accountant will be very helpful in a small business. CPA's are more keen in handling records and profit lists because they have been trained to do so as well as having more knowledge compared to a regular accountant.
The skill set a CPA has compared to a regular accountant is totally different but people sometimes fail to realize it and interchangeably use the term as the same. These CPA's are bound to do everything accurately because the life of the company will depend on how accurate their records are.
CPA - what they do
For person certified public accountants to do their job they have to focus on their task, there are no room for mistakes especially in recording financial statements because one mistake can ruin a company. It is important to have an honest CPA because they will be giving everything to you and also they will have to provide everything truthfully with no material misstatement..
The auditors will have to be professional and they have to be in a certain standard that passes through the requirements of the government because they will be handling a lot of important details and there is no room for errors. Know more about accounting at http://accounting.wikia.com/wiki/Main_Page.
It is the job of the CPA to list all the financial statements but there is more to that, they will be calculating the profit as well so in case something is wrong with the business owners system, it is the job of the CPA to figure out a solution to the bad business in order for the company to rise back up.
Dealing with numbers isn't all the CPA from accounting firms can do, they can also be a consultant to the business owner, they have the knowledge about business and they will be able to pinpoint loopholes in the owners system by handling the financial statements, the records will not lie if the CPA is accurate enough and by having an accurate record they can pin point the problems and they can surely fix it easier and smoother.
Having a CPA around your business will be very important because they can really help you handle the business more efficiently.