Certified public accountants, or CPAs, are trusted financial professionals with advanced training and expertise, and they're capable of performing a wide range of services. They’re also held to strict ethical standards that ensure companies and clients always receive the highest level of service. The following guide provides an overview of this profession and how these experts help businesses and investors thrive.

What Is a Certified Public Accountant?

Educational Requirements

All accountants must have at least a bachelor’s degree in accounting, but CPAs have more stringent educational requirements. In addition to a four-year degree in business administration, finance, or accounting, a certified public accountant will also need 150 hours of continuing education.

They also need to pass the rigorous CPA exam to get their license; this test has four, four-hour sections that cover everything from auditing to financial accounting, reporting, and regulation. A person must also meet continuing education obligations to stay on top of recent changes to accounting practices, legal requirements, and the tax code.

Ethical Obligations

Unlike other accountants, CPAs are held to strict ethical standards that guarantee professionalism and provide peace of mind. The American Institute of Certified Public Accountants requires licensed professionals to disclose any conflicts of interest, outline their fees upfront, and make decisions based on their clients’ best interests.

Services Provided

CPAs have the expertise to handle everything from tax preparation to constructing financial reports for businesses. Certain vital functions can only be performed by a certified public accountant, like auditing a business's accounts or representing taxpayers in IRS disputes. Many companies also hire them to design accounting systems that ensure accuracy and compliance with government regulations.

Since 1990, the certified public accountants at William G. Molitor, CPA, have delivered accurate, comprehensive financial services to businesses and individuals throughout St. Louis, MO. Whether you’re looking for tax preparation assistance or detailed accounting advice, their team offers the cost-effective, practical solutions you need. Visit this family-owned business online for more on their broad range of services, or call (636) 926-0502 to speak with a friendly staff member to make an appointment.