Accountant In Charge


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.

BREAKING DOWN '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.

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  2. Audit

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  3. Generally Accepted Accounting Principles ...

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  4. Auditor's Report

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  5. International Accounting Standards ...

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  6. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
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  1. Does working capital include salaries?

    A company accrues unpaid salaries on its balance sheet as part of accounts payable, which is a current liability account, ... Read Full Answer >>
  2. What is a profit and loss (P&L) statement and why do companies publish them?

    A profit and loss (P&L) statement, or balance sheet, is essentially a snapshot of a company's financial activity for ... Read Full Answer >>
  3. How do dividends affect the balance sheet?

    Dividends paid in cash affect a company's balance sheet by decreasing the company's cash account on the asset side and decreasing ... Read Full Answer >>
  4. Are dividends considered an expense?

    Cash or stock dividends distributed to shareholders are not considered an expense on a company's income statement. Stock ... Read Full Answer >>
  5. Do dividends go on the balance sheet?

    The only account recorded on the balance sheet, when dividends are declared and before they are paid out to a company's shareholders, ... Read Full Answer >>
  6. What are some examples of general and administrative expenses?

    In accounting, general and administrative expenses represent the necessary costs to maintain a company's daily operations ... Read Full Answer >>

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