Question:
What is an audit firm?
Audit Firms
Audit firms are independent entities within the accounting profession. They provide their clients with independent opinions regarding the fairness and reliability of the firm's records supporting the financial statements. This fairness and reliability is based on the firm's adherence to GAAP (Generally Accepted Accounting Principles). The audit firms also provide a variety of other services ranging from progress mapping, Sarbanes-Oxley Act (SOX) compliance, financial audits, accounting software and/or tax consulting, to bookkeeping services - amongst other independent services.
Audit firms can be either small, localized firms, regional firms, or large international firms. The smaller audit firms traditionally are noted for smaller clients needing bookkeeping and tax services. Regional firms are considered midsize with revenues around $1-3 million. They mainly extend nationwide. The larger international firms provide audits of Fortune 500 clients.
Audit firms are usually CPA firms and/or public accounting firms. (If the company is not publicly traded, a CPA is not needed.) Other audit services include providing operational audits, and/or monitor IT system efficiency and effectiveness.
Accounting Jobs Frequently Asked Questions
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What is a good part time job for an accounting major?
I am a Finance Major. What are some part time jobs for me?
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What are some available Sarbane-Oxley Jobs?
I am experienced in SOX. How do I put that on my resume?
I have no actual work experience, but am trained in SOX. How do I include that on my resume?
Can I learn SOX training online?
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How do I prepare for the CPA exam?
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Where can I obtain a bookkeeping education?
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What is an accounting job listing?
What is an accounting job opening?
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What are some online accounting and finance staffing agencies?
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| Jennifer Mathes, Ph.D. |
