Which of the following reports must be audited by certified public accountants?
A) Annual financial reports
B) Federal tax returns
C) State tax returns
D) Management accounting reports

Question

Quizplus · Accepted Answer

Annual financial reports must be audited by certified public accountants to ensure their accuracy and reliability for investors, regulators, and other stakeholders. Federal and state tax returns are typically prepared and reviewed but not audited in this context, and management accounting reports are internal documents that do not require an external audit.

Which of the Following Reports Must Be Audited by Certified