Purpose: To prepare and file tax returns and plan for future tax liabilities in compliance with local, state, and federal tax laws. Accounting Services in Cleveland.

Key Role: Its goal is to legally minimize the tax burden for individuals and businesses.

5. Auditing

Purpose: To provide an independent verification and opinion on whether a company’s financial statements are presented fairly and accurately, in accordance with the required standards (e.g., GAAP).

Distinction: Can be External (performed by a third-party CPA firm) or Internal (performed by employees to assess controls).

6. Forensic Accounting

Purpose: To use accounting, auditing, and investigative skills to resolve financial disputes, uncover fraud, investigate embezzlement, and assist in litigation.

Key Skill: Often involves acting as an expert witness in legal proceedings.