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CPAs as management consultants

As management consultants, CPAs can help businesses to improve the use of their resources, increase their efficiency and achieve their objectives. The partners and staff of a CPA firm can serve as an important source of advice and assistance for the entire client management team. Their business experience, technical knowledge and consulting skills often can be applied to many aspects and functions of business and government other than accounting.

CPA consultants can help clients institute a corporate planning process to control current operations, manage risk, translate long-range plans into attainable goals and increase profits and market share.

CPAs also provide consulting services related to a business' organization and its personnel. They may screen candidates for vacant positions, assist in the development of job descriptions, personnel policies, systems and manuals.

As management consultants, CPAs can identify, evaluate and recommend ways to increase revenue and reduce operating costs; analyze operations and suggest changes in structure and individual responsibilities; conduct special studies; and prepare recommendations, plans and programs, and provide advice and technical assistance in their implementation.