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CPAs are regarded as having the legal responsibility and authority to act on behalf of and in clients’ best interests. Accountants without a CPA license are not considered fiduciaries to their clients, even though they may maintain certain ethical standards. One of the significant differences between CPAs vs. accountants is that there is no license […]

If discrepancies are found, such as resources spending significant time on BAU activities, they can be reassigned to billable activities. This optimization maximizes billable resource utilization and enhances revenue margins. By understanding the billable hours, firms can precisely forecast project resource costs and help their clients finalize the overall budget. This allows them to accurately