Discuss the Various Categories of Services Provided by Public Accounting

question 25

Essay

Discuss the various categories of services provided by public accounting firms.

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Definitions:

Initial Public Offering

The first sale of a company's stock to the public, marking the transition from a private to a publicly traded company.

Corporate Bonds

Debt securities issued by corporations to raise capital, where the issuer promises to repay the principal amount at a specified maturity date along with periodic interest payments.

Preferred Shares

A class of stock in a corporation that typically offers dividends and other privileges above common shares, usually without voting rights.

Incorporators

Individuals who file the necessary paperwork and legally establish a corporation, becoming its initial shareholders and possibly its initial directors.