As independent (or external)auditors,CPAs are primarily responsible for
A) preparing financial statements in conformity with GAAP.
B) certifying the accuracy of financial statements.
C) expressing an opinion as to the fairness of financial statements.
D) filing financial statements with the SEC.

Question

Quizplus · Accepted Answer

As independent auditors, CPAs are responsible for expressing an opinion as to the fairness of financial statements. They do not prepare financial statements (choice A) and while they certify the accuracy of the financial statements to some extent, their main role is to express an opinion on the fairness of the statements (choice B). They also do not file financial statements with the SEC (choice D).

As Independent (Or External)auditors,CPAs Are Primarily Responsible for