CPA As a Career of Term Paper

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In relation, this is also because the responsibilities of a CPA is chiefly based on financial and economic aspects of every organization around him as well as the economic standing of the entire nation.

The Importance of CPA to the Society

CPA plays a very important role to the society. Let's start in the general and most important area where CPA can greatly affect the entire society. That is, the role of CPAs in a nation's government. CPAs working for the government has the responsibility of maintaining a good financial condition of the country. Without them, it is possible that the financial budget of a nation may go out of what is necessary.

From the history of the United States' public accounting, Flesher and his colleagues, from their article The First Century of the CPA, indicates the significant role that certified public accountants have played in the industry of banking and other financial institutions.

Public accounting was one product of the forces that transformed the United States in the late 19th century. The country moved from a primarily rural and agricultural society to the one that was urban and industrial.

These days, accounting is playing a major role in the financial industry of the society. For instance, in stock markets or in companies, CPAs are necessary to properly track the financial activities and similarly guide the loss and gains of finances. Without the CPAs, business climates may become unpredictable.

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The contributions of CPAs to society, in the form of government service, is not seasonal. Hence, with the tiresome responsibilities that they have to perform, providing an all-year-round service of monitoring the budget and spending of the nation. As indicated in TSCPA web site, on the critical role of CPAs in terms of politics,

Just as other professions have recognized the critical importance of political action committees, CPAs also have too much at stake to commit anything less than 100% to our political efforts.

CPAs are without question among the busiest of all business professionals, and many lack the time to devote to protecting the professions interests in the legislature.

Recently, CPAs have once again demonstrated their importance to the society when Carl R. George, CEO of Clifton Gunderson (Journal of Accountancy, 2005), commended them in their contribution to the Americans. George has the following commendations to them.

With the 360 Degrees of Financial Literacy program, CPAs have an opportunity to help Americans understand the need to take responsibility for their retirement planning. According to the Roper Poll the AICPA performed in April 2004, 49% of respondents had never heard of a 401 (k) plan -- and this is the primary savings vehicle for most Americans. CPAs can use the resources of the Financial Literacy Resource Center, www.aicpa.org/financialliteracy, to get out into their communities to teach people about retirement savings vehicles and planning. We can help Americans change their.....

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