Newfoundland is world famous for providing accounting services. The capital of Newfoundland is St. John’s and it is regarded as the country’s 20th largest metropolitan area which homes about 40% of the Newfoundland population. The economic growth of the province has regained the momentum after the recession period with the total capital investment touching $6.2 billion, increase of 23% against the last financial year and the GDP has reached the level of $28.1 billion against 25 billion in 2009. The financial service industry is the main contributor in its economy apart from mining and petroleum production. CPA Newfoundland provides many types of financial accounting services including certified public accountant .
CPAs are the type of qualified professionals having certification in accounting profession and they are capable of executing the corporate accounting process which includes general accounting, tax audits and business consulting activities for small businesses. They need to undergo intense curriculum which is related to accounting heads, finance and business to become efficient CPA Newfoundland. The CPA examination which needs to be cleared by them includes the topics like business management, accounting, audit, business law and other types of external or internal business provisions.
Public accounting has many types of work like account management, public firm, book keeping, private business, financial analysis, NGOs and so on. There may be one or more than one CPA Newfoundland who work for the clients as per their requirement and the firms which provide there services are known as accounting service providers. They work for the corporate houses of the country as well as overseas clients. These types of accountants get involved in financial data analysis which is helpful in preventing discrepancies like fraud, money laundering, embezzlement or other types of illegal transactions which ensure that the business houses run efficiently, taxes are properly and timely paid and the public records display accuracy.