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Accountant 1 Understanding Accountants. Accountants are financial professionals who take charge of a series of accounts —either private or public. 2 Special Considerations. ... 3 History of Accountants. ...What is formal court accounting and why do you need it?
Formal accounting must also be presented to the court in legal proceedings during which beneficiaries can argue about the distribution of assets before the judge makes a final decision. Formal court accounting can cost the estate quite a bit of money due to attorney costs, court fees, and the cost of a court-appointed administrator.What is the accountant client privilege in law?
From Wikipedia, the free encyclopedia Accountant–client privilege is a confidentiality privilege, or more precisely, a group of privileges, available in American federal and state law. Accountant–client privileges may be classified in two categories: evidentiary privileges and non-evidentiary privileges.What is the difference between an accountant and a CPA?
In fact, anyone who does any type of accounting function – even someone without a degree – can call themselves an accountant. A certified public accountant (CPA), however, is someone who has earned a professional designation through a combination of education, experience and licensing.