The evolution of accountants in the business scenario is noticeable, being increasingly required to perform functions that go beyond bookkeeping or issuing guides to pay the dreaded taxes.
With so many attributions, there are many responsibilities of the accountant in the company, and the contracts for the provision of accounting services must be objective and transparent so that the product to be delivered is clearly defined.
This ensures that the services are offered with quality and minimizes the risk of possible misunderstandings between the company and the accountant, as each one will have a role and responsibilities to be fulfilled.
Among the main duties of the accountant, we can list the following: preparation of accounting statements, equity control, monitoring of financial transactions, management analysis, tax planning, calculation of taxes, payroll calculation, among many other functions.
Therefore, about the accountant’s responsibility, it is essential that, in addition to the formal aspects, the importance that Accounting plays in the growth and development of the business of entrepreneurs is kept in mind.
It is important to highlight that the management of the business, in some cases, is transferred to the accounting profession, but the entrepreneur does not always provide transparent information or seek to act together to ensure the company’s success.
So the question arises: How accountable are accountants in the company? Next, we’ll cover the four main areas that accountants must respond to in the event of misconduct or irregularities in their practice. They are civil, tax, criminal and professional.
It is necessary to draw attention to cases in which the accountant has authorization or a power of attorney to act on behalf of the client who hired him since in these cases the professional is held responsible for the company’s tax credits.
When there is no power of attorney, the accountant is only a service provider, so that their responsibility is limited to carry out the activities agreed in the contract with the contracted company.
The accountant must be always attentive to the information provided by the entrepreneur and seek an alternative to confirm the data provided so that he has support and protection in possible tax disputes with the tax authorities (municipal, state, or federal) or the entrepreneur.