Accounting and Auditing Research and Databases: Practitioner's Desk Reference

Chapter 1

An Introduction to Applied Professional Research

Professional accountants, with their specialized knowledge and skills, attempt daily to solve a variety of complex client issues. However, the accounting profession, like other professions, is witnessing major changes due to developments in the law, new services, technologies, and an ever-increasing number of professional standards. In addition to accounting, auditing, and tax compliance services, accountants are involved in such services as attestation reviews, forensic accounting, fraud examinations, and tax planning. Even the types and nature of the problems facing accountants are changing and often becoming more complex. Professional accounting and auditing research is a critical skill for the practitioner. Knowledge of how to utilize major databases to gain an understanding of how to access the professional literature is essential in today's environment. The professional accountant must possess the knowledge to remain current and the skills to critically analyze various problems. Listening effectively, understanding opposing points of view, and applying professional judgment are also critical skills for accountants. Often one must present and defend his or her own views through formal and informal communications. Professional research and communication skills are vitally important in this environment.

Varying views and interpretations exist as to the meaning of the term research. In the accounting profession, research ...