A CPA can represent taxpayers and companies in the event of an audit. While accountants can prepare tax returns, only a CPA can defend a return if the IRS or state tax authorities have questions or concerns.

These professionals also provide auditing services, evaluating financial information for accuracy. Public accountants make financial recommendations, provide tax services, and offer strategic financial planning suggestions. CPAs may also offer cash management or budgeting advice in the financial sector.

Accountants and auditors prepare and examine financial records, identify potential areas of opportunity and risk, and provide solutions for businesses and individuals. They ensure that financial records are accurate, that financial and data risks are evaluated, and that taxes are paid properly.

CPAs compile, maintain, and review financial statements and related transactions. They also prepare tax returns for individuals and businesses. They are authorized to perform audits. Some CPAs specialize in areas like forensic accounting, personal financial planning, and taxation.