The CPA's role in performing audits is important to our society because: an audit of financial statements helps investors and others know that they can rely on the information presented in the financial statements. O auditors have the primary responsibility for the information contained in the financial statements. O auditors issue reports on the accuracy of each financial transaction. Oauditors provide direct financial advice to potential investors.
The CPA's role in performing audits is important to our society because: an audit of financial statements helps investors and others know that they can rely on the information presented in the financial statements. O auditors have the primary responsibility for the information contained in the financial statements. O auditors issue reports on the accuracy of each financial transaction. Oauditors provide direct financial advice to potential investors.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The CPA's role in performing audits is important to our
society because:
O an audit of financial statements helps investors and others
know that they can rely on the information presented in the
financial statements.
O auditors have the primary responsibility for the information
contained in the financial statements.
auditors issue reports on the accuracy of each financial
transaction.
auditors provide direct financial advice to potential investors.
Expert Solution

Step 1
CPA stands for Certified Public Accountant and refers to a person who is analyzing financial records for preparing tax returns, creating budget reports, and conducting audits for their respective clients
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