Financial statement audits are performed by _________ who have extensive knowledge of generally accepted accounting principles (GAAP) in the US and/or International Financial Reporting Standards (IFRS).
A)Public auditors
B)Governmental auditors
C)Certified Public Accountants
D)Internal auditors

Question

Quizplus · Accepted Answer

Financial statement audits are performed by Certified Public Accountants (CPAs) who have extensive knowledge of generally accepted accounting principles (GAAP) in the US and/or International Financial Reporting Standards (IFRS). Public auditors and governmental auditors may also have expertise in financial statement audits, but they may not necessarily be CPAs. Internal auditors are typically employed by the company being audited and may not have the same level of independence and objectivity as external auditors.

Financial Statement Audits Are Performed by _________ Who Have Extensive