A mistake by an accountant can lead to much higher tax liability, missed investment opportunities or even criminal penalties. The difference for accountants is that the stakes for clients could not be higher. Granted, most service sectors are subject to change. Australia) can make the situation even more confusing. To add insult to injury, the differing rules, standards and regulations in accounting set by each country (for example, the US vs. Knowing everything there is to know in the accounting profession is near impossible. On the other, new resource guides, breaking news, and online journals complicate things. On the one hand, there are standard skills and knowledge sets that are the foundation of success. Professional accounting is a field unlike any other.
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