To whom does the CPA owe ultimate allegiance in carrying out professional obligations?
A) Stockholders
B) Public interest
C) Client
D) Stakeholders

Question

Quizplus · Accepted Answer

The CPA owes ultimate allegiance to the public interest in carrying out professional obligations. While clients are important stakeholders, the CPA must prioritize professional ethics and responsibility to the broader society. Stockholders and stakeholders may have a financial interest in a company, but the CPA's duty is to ensure transparent and accurate financial reporting.

To Whom Does the CPA Owe Ultimate Allegiance in Carrying