Despite the high cost,most small companies have their financial statements audited by a CPA firm,so they can obtain a loan.

Question

Quizplus · Accepted Answer

While small companies may choose to have their financial statements audited by a CPA firm for various reasons like credibility and accuracy, it is not always to obtain a loan as the statement implies. The decision to obtain an audit may depend on several other factors such as the company's size, industry, regulatory requirements, stakeholders, and business goals.

Despite the High Cost,most Small Companies Have Their Financial Statements