The accounting profession creates the processes and controls to support an organization’s reputation
Accountants serve as defenders of an organization’s reputation by creating the proper processes and controls for accurate disclosures and accounting, such as balance statements, income sheets or cash flows.
Organizations use several lines of defense, including internal audit and external audit, to assist in upholding reputation. With regard to the financial statements, accountants in the finance department are the first line of defense as they work to report information fairly and accurately.
Learn more in this video featuring Tom Hood, CPA/CITP, CGMA, executive vice president for business growth and engagement for the Association of International Certified Professional Accountants, representing AICPA & CIMA, and Rita Karachun, CPA, CGMA, senior vice president and global controller for Merck.