Which of the following statements about the accounting profession is true?
A)Accountants are typically classified as private or public accountants.
B)Accountants cannot legally offer management consulting services.
C)Private accountants serve individuals and organizations on a fee basis.
D)Public accountants work for local, state, and national agencies.
E)All of the above statement about the accounting profession are true.

Question

Quizplus · Accepted Answer

Accountants are indeed typically classified as private or public accountants. Private accountants work internally for a single organization, managing its financial records and transactions, while public accountants provide services to various clients, which can include individuals, businesses, and government entities.

Which of the Following Statements About the Accounting Profession Is