If an entrepreneur of a high-potential firm will be seeking venture capital,she should give first consideration to which of the following solutions for accounting expertise?
A) A smaller,local firm
B) A regional firm
C) A major firm
D) She needs to hire a full-time accountant

Question

Quizplus · Accepted Answer

When seeking venture capital, a high-potential firm needs to present financial statements that are accurate and understandable. A major accounting firm will provide the highest level of expertise and reputation, which can help to attract investors. Additionally, they will have experience working with other high-growth companies and can provide valuable insights and guidance. While a smaller or regional firm could also provide adequate accounting services, a major firm is the best choice for a high-potential firm seeking venture capital. Hiring a full-time accountant may not provide the same level of expertise and perspective as a major accounting firm.

If an Entrepreneur of a High-Potential Firm Will Be Seeking