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Responsibility of the chief accountant of the company

Posted: Tue Jan 07, 2025 3:39 am
by sadiksojib35
The chief accountant is responsible for the accuracy of the company's financial statements. He controls the accounting, must pay taxes on time and submit reports. If there are errors in the documents or the company does not fulfill its tax obligations, the chief accountant may bear administrative and even criminal liability.

It is important to comply with all financial rules and monitor changes in legislation. Irina Smirnova, founder of the "Center for the Protection of Business of Irina Smirnova", explained what kenya whatsapp phone number responsibility the chief accountant bears, what responsibility the chief accountant has after dismissal and how to avoid punishment.

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Content:

What does a chief accountant do in an organization?
Can the chief accountant be held liable?
Administrative responsibility
Criminal liability
Material liability
Subsidiary liability
What is the responsibility for?
How to minimize risks?


What does a chief accountant do in an organization?
This is not only an accounting specialist, but also a manager, analyst and strategic partner of the manager.

Main functions at the enterprise:

organizes and maintains management and accounting records in accordance with current legislation;
analyzes profitability, payment status and economic risks in the organization;
controls settlements with suppliers and contractors;
organizes the work of the accounting department and controls its work;
informs management about the economic state of the company, warns of situations that are dangerous in material terms;
optimizes expenses and tax payments within the framework of legal methods;
monitors all changes in legislation in its field;
monitors the safety of documents.