An important requirement of CPA firms is that they must be ________ with regard to the company being audited.The requirement allows CPA firms to provide a completely unbiased opinion on the information it audits.
A)Neutral
B)Well-informed
C)Materially invested
D)All of the above

Question

Quizplus · Accepted Answer

Being neutral is the most important requirement for CPA firms as it ensures that they do not have any financial, personal or other interests in the company being audited which could affect their judgment and opinion. This neutrality allows them to provide an unbiased and objective opinion on the financial information being audited. The other options (B and C) do not accurately reflect this requirement.

An Important Requirement of CPA Firms Is That They Must