Accountant In Charge

AAA

DEFINITION of 'Accountant In Charge'

The person responsible for personnel and assigning the tasks involved in an audit. The accountant in charge maintains workflow by assigning tasks to accounting and clerical staff, monitors an audit's progress, recommends controls and process adjustments, enforces standards, and follows legal guidelines. The accountant is typically a CPA.

INVESTOPEDIA EXPLAINS 'Accountant In Charge'

In accounting consultancy firms, the accountant in charge is the point person that maintains the relationship with the client. He or she is often tasked with bringing in new business and upholding the firm's reputation by maintaining strict confidentiality with existing clients.

RELATED TERMS
  1. Audit

    1. An unbiased examination and evaluation of the financial statements ...
  2. Auditor's Report

    Recorded in the annual report, the auditor's report tests to ...
  3. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
  4. Generally Accepted Accounting Principles ...

    The common set of accounting principles, standards and procedures ...
  5. International Accounting Standards ...

    An older set of standards stating how particular types of transactions ...
  6. Independent Auditor

    A certified public accountant who examines the financial records ...
Related Articles
  1. 12 Things You Need To Know About Financial ...
    Investing Basics

    12 Things You Need To Know About Financial ...

  2. Examining A Career As An Auditor
    Professionals

    Examining A Career As An Auditor

  3. An Inside Look At Internal Auditors
    Professionals

    An Inside Look At Internal Auditors

  4. How do you calculate retained earnings ...
    Fundamental Analysis

    How do you calculate retained earnings ...

Hot Definitions
  1. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  2. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  3. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  6. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
Trading Center