Which of the following is correct with regard to private accountants?
A) They are hired by business firms who do not want to use the services of CPAs.
B) They are employed by business firms in areas such as marketing research, law, and production technology.
C) They are becoming less common as CPAs become more prominent and skilled.
D) They are almost exclusively found at the head office of business firms.
E) They are hired to deal with companies' day-to-day accounting needs.

Question

Quizplus · Accepted Answer

Private accountants are typically hired by business firms to handle their day-to-day accounting needs, such as bookkeeping, financial reporting, and budgeting. They are not necessarily hired because the firm does not want to use the services of CPAs, nor are they limited to head office positions. Private accountants can work in various areas within a business, but their primary focus is on the company's financial reporting and management.

Which of the Following Is Correct with Regard to Private