The domain of the professional accountant in business includes –among other things- the following activities:
1.Providing, analyzing and interpreting information to management for formulation of strategy, planning, decision-making and control
2.Measuring performance, recording financial transactions –tipycally under national or international generally accepted accounting principles- and communicating the results to board and stakeholders
3.Managing risk, and providing internal control and business assurance
4. Generating or creating value through the effective use of resources (financial or otherwise) through (a) understanding the drivers of value to stakeholders (which may include shareholders, customers, employees, suppliers, communities, and government), and (b) organizational innovation
Source; IFA (Evaluating and Improving Governance in Organizations, 2009, p. 5)