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

Question

Quizplus · Accepted Answer

The value of the audit report and the demand for audit services primarily depends on public confidence in the independence and integrity of CPAs and chartered accountants. While public confidence in the regulators and the fees paid for audits may have some impact, they are not as significant as public trust in the individual professionals conducting the audit.

The Value of the Audit Report and the Demand for Audit