A large accounting firm will hire numerous CPAs with many di

A large accounting firm will hire numerous CPA’s with many different levels of skill and experience. Discuss some of the decisions and variables of staffing, assigning projects, and managing a CPA firm with a wide range of clients.

Solution

Some of the decision and variables are given below:

New project: CPA firms prepare feasibility reports of new projects for their clients. Preparing such report includes project cost, means of finance, technical viability, market, etc.

Audited accounts: CPA firm certifies the year-end accounts of client’s company. This is called auditing. This is an extensive activity, since the firm has to make sure that all the documents of client are prepared with accounting standards.

Tax consultancy: CPA firms prepare tax returns for their clients. During the course of such activity clients are guided the ways of investment of getting tax rebates and deductions.