The public has turned to CPAs to provide assurance services primarily because
A) The independence and objectivity of CPAs increase the public trust.
B) There is a need to develop new revenue streams for accounting firms.
C) Audits do not provide reliable information for decision makers.
D) CPAs have been proactive in identifying new types of assurance services to market to customers.

Question

Quizplus · Accepted Answer

The independence and objectivity of CPAs increase the public trust in their ability to provide assurance services. This is the primary reason why the public turns to CPAs for these services.

The Public Has Turned to CPAs to Provide Assurance Services