Pursuant to federal securities laws, an audit must be performed by a CPA who works closely with the company in the capacity of a chief executive officer (CEO)or a chief financial officer (CFO).

Question

Quizplus · Accepted Answer

The audit must be performed by an independent CPA, who cannot work closely with the company in the capacity of a CEO or CFO. This ensures impartiality and objectivity in the audit process.

Pursuant to Federal Securities Laws, an Audit Must Be Performed