Question

In order for information to be meaningful, a firm's accounting processes and procedures should be certified as accurate by acceptable accounting standards. Companies hire ________ to provide unbiased opinions about the accuracy of a firm's financial statements.
a. bookkeepers
b. private accountants
c. tax accountants
d. independent auditors

Answer 1

Answer:

The correct answer is (D)

Explanation:

An independent auditor is an affirmed open bookkeeper or contracted bookkeeper who inspects the money related records and business exchanges of an organisation with which he is not associated. Organisations generally employ independent auditor to give fair suppositions about the precision of an organisations financial statements and cash flows. It is important to hire private auditors to scrutinise company’s financial flaws.