Which of the following is responsible for performing an independent audit of a firm's financial statements?
A) CFO
B) CEO
C) CPA firm
D) Audit committee

Question

Quizplus · Accepted Answer

A CPA (Certified Public Accountant) firm is responsible for performing an independent audit of a firm's financial statements. The role of the CFO is to oversee the financial activities of the firm, the CEO is the top executive who runs the organization, and the audit committee is responsible for overseeing the audit process and ensuring its integrity. However, none of these parties perform the actual audit themselves.

Which of the Following Is Responsible for Performing an Independent