The value of the audit report and the demand for audit services depends on:
A) the fees paid for audits.
B) public confidence in the regulators.
C) public confidence in the independence and integrity of CPAs and chartered accountants.
D) all of the above

Question

Quizplus · Accepted Answer

The value of the audit report and demand for audit services depends on the public confidence in the independence and integrity of CPAs and chartered accountants. The fees paid for audits and public confidence in regulators may have an impact, but they are not the primary determining factors.

The Value of the Audit Report and the Demand for Audit