Accountants that have a Certificate in Public Accounting (CPA):
A) are the only accountants permitted to serve as external auditors.
B) must pass a national examination and be licensed by the state in which they practice.
C) may be held responsible to provide assurance concerning the reliability of a firm's financial statements.
D) all of these statements are true.

Question

Quizplus · Accepted Answer

Accountants with a CPA are required to pass a national examination and be licensed by the state in which they practice. They are also the only accountants legally permitted to serve as external auditors. Additionally, they may be held responsible for providing assurance about the reliability of a firm's financial statements. Therefore, all three statements are true.

Accountants That Have a Certificate in Public Accounting (CPA)