Final answer:
It is true that CPA firms provide a wide range of additional services such as management consulting, financial advisory, and more, aimed at improving business operations and financial health.
Step-by-step explanation:
Additional Services Provided by CPA Firms
CPA (Certified Public Accountant) firms offer a wide range of services beyond traditional auditing and tax preparation. These additional services include, but are not limited to, management consulting, financial advisory, risk assessment, forensic accounting, IT consulting, and sustainability reporting. CPA firms often employ specialists in various fields to support these services, which help businesses improve their operations, financial health, and compliance with regulations.
For instance, a CPA firm might help a company with mergers and acquisitions by providing due diligence or valuations. Firms may also advise on optimizing tax strategies, assist with budgeting, and financial planning, or help implement new accounting software systems. It is essential to tailor these services to the client's specific needs to support business growth and maintain regulatory compliance.
In conclusion, the original statement about CPA firms providing additional services is true. These services are geared towards adding value and meeting the increasingly complex business demands faced by their clients.