Taylor Casual,a chain of retail clothing stores,wants to assure investors and other outsiders that its financial statements are accurate.One way to do so would be to hire a public accounting firm to:

Question

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The best choice would be to perform an independent audit, which is conducted by a public accounting firm that is not affiliated with the company. This would provide an unbiased review of the company's financial statements and assure investors and other outsiders that the statements are accurate. Option A may seem viable, but a "generally accepted practices" endorsement from an accounting firm does not carry the same weight as an independent audit. Option B is not necessary as the company can still have its own accounting department, and Option C is not sufficient as an internal audit may not provide the same level of assurance as an independent audit.

Taylor Casual,a Chain of Retail Clothing Stores,wants to Assure Investors