Beruflich Dokumente
Kultur Dokumente
ADVISORY SERVICES
BY CPAs
COVERAGE
1. Evolution of MAS
2. Developing Trends
3. Future Prospects
4. The Consulting Industry
5. Career Structure in Consulting Firms
6. Nature of MAS by Independent Acctg. Firms
7. Rationale for Using Mgt. Consultants
8. Independent Acctg. Firm’s Role in MAS
9. CPA’s Objective in Engaging in MAS
EVOLUTION OF MAS
• At least 4 reasons:
1) Independent viewpoint
- unbiased, objective, detached
2) Professional advisor & counselor
- w/ special knowledge, skill & attributes
- can inject new ideas learned from other
engagements
- CPAs generally preferred
3) Temporary professional service
4) Agent of change
INDEPENDENT ACCTG. FIRM’s ROLE
• To provide advice & technical assistance - the only
basis on which work shall be done
• Role of advisor
• Avoid making mgt. decisions or taking positions
impairing objectivity
CPA’s OBJECTIVE
• - “To utilize essential qualifications in giving advice
& assistance that would enable client mgt. to
conduct its affairs more effectively.”
• Essential qualifications include:
• 1) Technical competence
• 2) Familiarity w/ client’s systems & problems
• 3) Analytical ability & experience in problem solving
• 4) Professional independence, objectivity &
integrity