If an entrepreneur of a higher-potential firm seeking venture capital has aspirations to go public,which of the following accounting firms is a good place to start for accounting expertise?
A) A small,local firm
B) A regional firm
C) A national firm
D) A public firm

Question

Quizplus · Accepted Answer

A national firm is the best choice for accounting expertise for an entrepreneur seeking venture capital and who has aspirations to go public. National firms have more resources and expertise in dealing with the complexities of accounting for publicly traded companies than regional or local firms. Public firms also have the expertise, but they are typically more expensive and better suited for larger or more established companies.

If an Entrepreneur of a Higher-Potential Firm Seeking Venture Capital