I need help to write 2 pages of the following:
List and describe three concepts that enhance the mind of the CPA. In summary, the answer will show three things for creativity and three things for vigilance (total of six bullets with descriptions). Please provide a more specific example that demonstrates something more specific than the broad target statement.
Below is your study guide.
Given the environment the businesses operate in, the very businesses that a CPA helps with as regards to recording, reviewing and monitoring financial performance changes continuously; it is important that the CPA keep himself updated with these changes particularly on their impact on how business transactions should be recorded to properly reflect their underlying transactions.
In this regard, a CPA needs to enhance his mind creatively to remain vigilant about recent development in business and accounting. Below are 3 things that a CPA can creatively do to enhance his mind:
1. Do cross industry training. As a CPA myself, I make it a point to attend one seminar each month on a topic which is totally unrelated to accounting and business. For example, I ...
The ethical and tax regulations that affect the work of CPAs are examined.