CPA firms have a similar relationship with the users of financial statements which they audit compared to the relationship other professionals have with their customers.

Question

Quizplus · Accepted Answer

CPA firms have a unique relationship with the users of financial statements they audit because their primary responsibility is to the public and the integrity of the financial statements, rather than to the client company paying their fees. This differs from other professionals who typically have a direct service relationship primarily benefiting their clients.

CPA Firms Have a Similar Relationship with the Users of Financial