To serve the growing accounting needs of international firms, a partnership of independent and franchised accounting offices has been created. Under the name of the National Associated Certified Public Accounting Firms, or NACPAF, members of the group can establish a framework of accounting standards to be used in all situations. The firm was founded in 1979 and in the past 30 years has helped to reconcile the many differences in international accounting.
The trend in accounting practices is to offer the customer a higher
level of personal attention. NACPAF wants to make sure that all
participating offices and firms have the knowledge and ability necessary
to carry out this new standard for customers. In addition to standard
accounting and auditing, a firm must be able to complete the following
tasks with precision: financial planning and tax planning for
corporations as well as individual clients, helping with budget
programs, estimating tax costs for business transactions involving
international companies, support for litigation, proper valuation of
companies, evaluation of current IT systems, and retirement or pension
The role of NACPAF is to make sure that the end clients are not sent to
firms outside the structure of the organization when another firm could
perform the required services. By opening up the channel of
information, all of the capabilities of an individual firm should be
well documented to make sure that a client does not need to use external
help. In this manner, business retention will stay within NACPAF and
future gains for both the customer and the firms involved can be
realized. The best way to achieve this aim is to engage in accurate and
frequent communication with each and every firm that makes up NACPAF.
Thus, all of the available services and opportunities will be kept and
the client will benefit from a one stop accounting firm that anticipates
and services all of their needs.