Maddie is the CEO of Stevenson,Ross,and Warner (SRW) ,a regional accounting firm.SRW offers services in most areas of accounting,including auditing and consulting services.The firm must follow the GAAP rules,just like any other accounting firm.If there are information gaps that are not addressed and resolved by the firm,SRW could be considered a violator of the Sarbanes-Oxley Act.Maddie understands what must be done and wants every employee of the firm to understand that they have to follow all the rules and regulations.Like any other industry,accounting is a competitive industry and employees of accounting firms must be productive,progressive,and well trained.
-Refer to Stevenson,Ross,and Warner.In order to be successful in the accounting industry,SRW employees must
A) know all areas of accounting and marketing.
B) have complete human resources training.
C) be able to communicate in multiple languages.
D) know how to do accounting the old fashioned way-using the manual,double-entry system.
E) have a strong background in financial management.

Question

Quizplus · Accepted Answer

The passage states that like any other industry, accounting is a competitive industry and employees of accounting firms must be productive, progressive, and well-trained. It also mentions that SRW offers services in most areas of accounting, including auditing and consulting services, which requires a strong background in financial management. Therefore, having a strong background in financial management is the best choice for SRW employees to be successful in the accounting industry. Choices A, B, C, and D are not mentioned in the passage as necessary for success in the accounting industry.

Maddie Is the CEO of Stevenson,Ross,and Warner (SRW) ,A Regional