A CPA designation means that the accountant has passed a rigorous national exam and meets certain ongoing educational requirements. Quick Tips Feel comfortable . You'll want to feel comfortable talking openly about your company's financial situation with any CPA that you choose. Therefore, trust your instincts and walk away from CPAs who look good on paper but don't mesh with you. Ask about turnover .
Junior employees are often responsible for preparing the initial financials.
It can be helpful to have the same person work on your books from year to year for consistency. Even if you've worked with the same accountant for years, if your business has changed dramatically, you might also want to consider changing accountants to one who's more in tune with your new business. Also, look for a CPA who understands your industry. This is especially important if you operate in highly regulated or specialized industries, such as banking or hospitality. It's also vital in industries that involve very specific accounting issues.