Public accounting firms have consistently looked for additional services that might increase their profitability.To that end,CPAs can provide value to clients with assurance services.
Required:
Discuss each of the following topics.
A.Describe two of the services identified by the AICPA.
B.Why would the public prefer to have a public accounting firm as a provider of these services?
C.What are the possible negative consequences for public accounting firms if they provide services outside the realm of traditional accounting services?

Question

Public accounting firms have consistently looked for additional services that might increase their profitability.To that end,CPAs can provide value to clients with assurance services.
Required:
 Discuss each of the following topics.
A.Describe two of the services identified by the AICPA.
B.Why would the public prefer to have a public accounting firm as a provider of these services?
C.What are the possible negative consequences for public accounting firms if they provide services outside the realm of traditional accounting services?

Quizplus · Accepted Answer

The Answer of Public accounting firms have consistently looked for additional services that might increase their profitability.To that end,CPAs can provide value to clients with assurance services.
Required:
 Discuss each of the following topics.
A.Describe two of the services identified by the AICPA.
B.Why would the public prefer to have a public accounting firm as a provider of these services?
C.What are the possible negative consequences for public accounting firms if they provide services outside the realm of traditional accounting services?

Public Accounting Firms Have Consistently Looked for Additional Services That