GBH,an accounting firm,was hired to prepare financial statements for E-treme.GBH

Question

Quizplus · Accepted Answer

Working papers prepared by an accounting firm during an audit or other financial analysis are considered the property of the firm. However, when the client, in this case, E-treme, is the subject of those papers, the firm must allow the client access to them. This is because the client has a vested interest in the information contained within those papers, which pertain to their financial affairs.

GBH,an Accounting Firm,was Hired to Prepare Financial Statements for E-Treme