Select the necessary words from the list of possibilities to complete the following statements. Statements Answer The AICPA requires members in public practice to obtain 120 hours of 1. every three years. 2. The regulates all accounting firms that audit public companies. 3. Public accounting firms are organized as sole proprietorships, partnerships, professional corporations, or The is a governmental organization that regulates the sale of securities. Accounting and review services is the term used by CPA firms to describe work done for small businesses that do not want audits, but periodically need the services of 5. professional accountants. Such services often consist of the preparation, compilation or of financial statements. 4.
Select the necessary words from the list of possibilities to complete the following statements. Statements Answer The AICPA requires members in public practice to obtain 120 hours of 1. every three years. 2. The regulates all accounting firms that audit public companies. 3. Public accounting firms are organized as sole proprietorships, partnerships, professional corporations, or The is a governmental organization that regulates the sale of securities. Accounting and review services is the term used by CPA firms to describe work done for small businesses that do not want audits, but periodically need the services of 5. professional accountants. Such services often consist of the preparation, compilation or of financial statements. 4.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Select the necessary words from the list of possibilities to complete the following statements.
Statements
Answer
The AICPA requires members in public practice to obtain 120 hours of
1.
every three years.
2. The
regulates all accounting firms that audit public companies.
3.
Public accounting firms are organized as sole proprietorships, partnerships,
professional corporations, or
The
is a governmental organization that regulates the sale of securities.
Accounting and review services is the term used by CPA firms to describe work done
for small businesses that do not want audits, but periodically need the services of
5.
professional accountants. Such services often consist of the preparation, compilation
or
of financial statements.
4.
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