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The CPA firm market is a segment of the accounting industry that provides professional services such as auditing, tax preparation, and financial consulting. CPA firms are typically organized as partnerships or professional corporations and are staffed by certified public accountants (CPAs). These firms are typically engaged by businesses, governments, and individuals to provide assurance services, such as audits and reviews, and to provide tax and financial advice.
CPA firms are subject to regulation by state boards of accountancy and must adhere to professional standards set by the American Institute of Certified Public Accountants (AICPA). The AICPA also provides guidance on ethical and professional standards for CPA firms.
The CPA firm market is highly competitive, with firms competing for clients based on their reputation, expertise, and services offered. Many CPA firms also offer specialized services, such as forensic accounting, business valuation, and financial planning.
Notable CPA firms in the market include Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, and Grant Thornton. Show Less Read more