Faulisi & Company CPAs LLP

Public accounting involves licensed CPAs or PAs preparing, evaluating, and attesting to the accuracy and completeness of financial statements for third-party reliance. They may also provide tax planning, financial advisory, and management advisory services.

CPAs and PAs are licensed to perform public accounting services in New York State, requiring specific education and examination. The term "accountant" is unregulated and can be used by anyone, regardless of qualifications.

NY State CPAs and PAs generally have a major in accounting with five years of college education, pass a four-section national licensing exam, and have at least one year of supervised accounting experience. PAs are licensed based on public accounting experience alone.

They provide accounting and auditing services, tax services, management advisory services, and financial advisory services, including financial statement preparation, tax return preparation, business transaction assistance, and personal financial planning.

Seek recommendations, check yellow pages under "Accountants - Certified Public" or "Accountants - Public", or contact professional associations for member referrals. The State Board for Public Accountancy cannot directly refer practitioners.

Inquire about physical accessibility (ramps, restrooms, curb cuts), availability of Telecommunication Device for the Deaf (TDD), and parking facilities for people with disabilities.

You should answer all questions about your financial data, ask about unfamiliar terminology, and expect your CPA/PA to explain assumptions in financial accounts, identify reasonable alternatives, and provide a written engagement letter detailing services, timing, fees, and total estimated charges.

Licensed accountants must display a current NYS registration certificate listing name, address, and registration period. They must reregister every three years. Verify licenses on the state licensing website.