The most important duty of public accounting is to the:
A) Securities Exchange Commission
B) Current stockholders
C) Management
D) Investing public

Question

Quizplus · Accepted Answer

The most important duty of public accounting is to the investing public, as they rely on the accuracy and reliability of the financial information provided by the accountant to make informed decisions about investment opportunities. While public accountants also have responsibilities to other stakeholders such as management, current stockholders, and regulatory bodies like the SEC, the investing public is ultimately the most important group to which they owe a duty of care.

The Most Important Duty of Public Accounting Is to The