Users of financial statements believe that CPA firms reduce the information risk associated with financial statements.

Question

Quizplus · Accepted Answer

Users of financial statements rely on CPA firms to provide independent and objective assurance that the financial statements are accurate and reliable. CPA firms conduct audits and provide opinions that can reduce the information risk associated with financial statements. Therefore, the statement is true.

Users of Financial Statements Believe That CPA Firms Reduce the Information