Accountants that have a Certificate in Public Accounting (CPA):

a. may be held responsible to provide assurance concerning the reliability of a firm's financial statements.

b. are the only accountants permitted to serve as external auditors.

c. must pass a national examination and be licensed by the state in which they practice.

d. all of these statements are true.

Question

Business

Sam

28 March, 21:03

Accountants that have a Certificate in Public Accounting (CPA):

a. may be held responsible to provide assurance concerning the reliability of a firm's financial statements.

b. are the only accountants permitted to serve as external auditors.

c. must pass a national examination and be licensed by the state in which they practice.

d. all of these statements are true.

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Answers (1)

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Marshall Drake · Answer 1

d. all of these statements are true.

Explanation:

A Certified Public Accountant refers to the title of qualified accountants in numerous countries around the world. Accountants that have a Certificate in Public Accounting (CPA) have a lot of restrictions and responsibilities some of which include, being held responsible to provide assurance concerning the reliability of a firm's financial statements. They are also the only accountants permitted to serve as external auditors and must pass a national examination and be licensed by the state in which they practice.