THE NATURE AND IMPORTANCE OF THE PROFESSION OF ACCOUNTING
The profession of accounting cannot be underrated, most especially by top firms in the world. We can not do without employing the services of accountants in our business, that is, the big businesses. It sounds unprofessional to place accounting in the same position with bookkeeping. This is common among those who do not understand the nature and scope of accounting, especially the non-accounting graduates and also some accounting students who are not practising accountants. Today, accounting firms are consulted for services that cannot be rendered by just ordinary person like Auditing and Forensic Accounting, Tax and Regulatory Services and Advisory Services. Auditing and Forensic Accounting reveals the items contained in the financial statements of companies and also exposes fraudulent acts in the preparation of financial statements of companies. Nowadays, it is no longer a news that fraudulent practices are very high at companies. But the employment of the services of accountants ...