Accountants collect, organize and track financial information for organizations.

They prepare financial reports regarding revenues, expenses, assets, and liabilities for internal use by staff and to meet requirements by the government, shareholders and other external entities.

Accountants conduct audits to determine if client organizations or their own employer is following established legal practices and company policies for financial transactions and record keeping. They prepare reports with their findings and recommend remedies to resolve problems and reduce the risk of law suits and financial losses due to staff errors or criminal activity.

Accountants prepare tax returns to minimize tax liabilities and ensure that income is reported according to the IRS code. They advise clients or management at their firm regarding strategies to limit future tax burdens. Public accountants must go through a rigorous certification process that includes passing the Certified Public Accounting (CPA) exam as well as meeting educational and work experience requirements.

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