The trait that distinguishes auditors from accountants is the:
A)auditor's ability to interpret accounting principles generally accepted in the United States.
B)auditor's education beyond the Bachelor's degree.
C)auditor's ability to interpret FASB Statements.
D)auditor's accumulation and interpretation of evidence related to a company's financial statements.

Question

Quizplus · Accepted Answer

Auditors distinguish themselves from accountants by accumulating and interpreting audit evidence related to clients' financial statements. While both careers share a foundation in accounting principles, auditors' focus on examining and assuring the accuracy of financial statements sets them apart. Additionally, there is no formal education requirement that differentiates the two professions, although many auditors do pursue advanced degrees or certifications. The ability to interpret FASB Statements and GAAP is important in both accounting and auditing, but it is not the key distinguishing factor between the two roles.

The Trait That Distinguishes Auditors from Accountants Is The