CPAs have an identity with regard to tax and A&A work as everyone knows exactly what role they play. With taxes, it is preparation, planning, and compliance. With A&A, the audit, compilation, review, and write-up work are the special domain of the CPA.

CPAs aren't so lucky with financial planning where their role seems to run the gamut. For some, the role is just estate and/or retirement planning, while others do comprehensive financial planning, insurance advice, college cost savings programs, and other areas. Then there are a number of CPAs who are active investment managers for their clients.

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