CPAs who perform financial statement audits of public companies are responsible for the accuracy of the client's financial statements.

Question

Quizplus · Accepted Answer

CPAs who perform financial statement audits are responsible for providing an opinion on whether the financial statements are free of material misstatement, whether due to fraud or error. The management of the company is responsible for the preparation and accuracy of the financial statements.

CPAs Who Perform Financial Statement Audits of Public Companies Are