Industry of Accountanting Firms
The industry of accounting is important for keeping corporations honest, and to help local businesses and individuals properly file their taxes. Accountants work with all levels of businesses managing their bookkeeping, auditing and accounting practices for their business. There are hundreds of Phoenix accountants listed in the business directory.
Current Issues of Accountants
During the late 1990's and early 2000's it became very aware that accounting processes needed to be revisited after a slew of corporate scandals of embezzling money, shaving debt and overstating income corrupted and weakened the economy. This led to the introduction of the Sarbanes-Oxley Act bill which was passed by the Bush Administration and put into law in 2002. The regulations of this law have helped inhibit larger corporations in fading the system but it has also hurt and put restrictions on small and medium size businesses causing some analysts to suspect that these size businesses will start to consolidate.
Business in the Industry of Accountants
Some of the largest and most notable firms in the accounting industry are H&R Block and Merrill Lynch. Most of the industry is supported by local small businesses. Find a Jacksonville accountant in your area.
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