Question

contribution of cpa's in ASEAN

Answer 1

Contribution of CPA’s in ASEAN

1. CPA’s in ASEAN provide professional accountancy services

2. CAP’s exchange information in order to promote adoption of best practices on standards and qualifications.

3. They have given new meaning for the accountancy profession

4. Contributing in nation building by preventing Corruption, malfunctioning, window dressing, detecting frauds in companies etc. CPA’s help to minimize the corruption by following rules and regulations and by creating awareness in people about wrong practices and its penal consequences.

5. CPA’s opinion increases trust of investors as well as it helps in restricting any malfunction in company

6. Boost to economic growth by providing effective solutions to financial problems. A CPA in ASEAN helps sector by providing sufficient guidance and by handling their taxation and accounting matters.

7. CPA's use their financial expertise to suggest various economic and financial measures to uplift the deteriorating economy and boost economic as well as industrial growth

8. They provide expertise in maximising Government revenue

9. Providing objective data and insights to help organisations set and achieve appropriate emissions targets

10. Advising on potential changes in tax law dealing with emissions regulations and helping fulfil evolving tax requirements.