The financial statements of firms generally are audited by

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Quizplus · Accepted Answer

The financial statements of firms are generally audited by employees of private accounting firms. These accounting firms are independent of the firm being audited and are responsible for providing an unbiased opinion on the accuracy and completeness of the financial statements. This helps to ensure that investors and other stakeholders can rely on the financial information provided by the firm.

The Financial Statements of Firms Generally Are Audited by