What is the primary fiduciary responsibility of professional accountants?
A)Stockholders
B)Public interest
C)Client
D)Stakeholders

Question

Quizplus · Accepted Answer

The primary fiduciary responsibility of professional accountants is to act in the public interest, which means that they have a duty to protect and advance the interests of society as a whole, rather than just serving the interests of their clients or specific groups of stakeholders. This includes upholding professional standards, maintaining independence and objectivity, and providing accurate and reliable financial information to stakeholders. While professional accountants may have obligations to their clients or specific stakeholders, their ultimate duty is to serve the public interest.

What Is the Primary Fiduciary Responsibility of Professional Accountants