Accountancy is basically the profession of measuring, disclosing or for provision of assuring about any kind of information that is of financial nature and that helps the managers, some investors, the tax authorities and the other various kind of decision makers. Their methodology is called accounting.
Accounting basically involves processes which records, classifies, summarizes, interprets and communicates the financial information of any kind of business. At times is may be called the Language of Business. Accountants are the professionals who practice accountancy. But then some of the bodies for accountants' professionals are like the Chartered Accountants CA and Certified Public Accountant CPA in the world. The board of accountancy Australia is known as the Australian Accounting Standards Board or simply the AASB. It is Commonwealth Agency that deals with standard setting in the private and public sectors in Australia .
Accounting standards are developed, issued and maintained by AASB (The Australian Accounting Standards Board). The Australian Securities and Investments Commission Act 2001 set out the AASB's functions and powers.
The professional obligation to take all reasonable steps, within their power is just there to ensure that entities with which they are involved comply with Accounting Standards in preparing their general-purpose financial reports lies on the Members of CPA Australia, The Institute of Chartered Accountants in Australia and the National Institute of Accountants.
There are many types of accountancy firms like, Accountants and Tax Arbitration firms, Banks and Building Societies, Debt and Credit Counseling firms, Financial Consultants, Loans and Misc Financial Services.
There are many professional accountancy firms in Brisbane like,
1. BDO Kendalls, of Queensland , Brisbane ,
2. Bentleys MRI Chartered Accountants, Chartered Accountants and tax professionals, located in the Brisbane CBD,
3. Count Wealth Accountants Visit Website,
This firm is Australia 's largest independently owned network of financial planning accountants and advisers, with an office in Brisbane city.