Question

Accountants that have a Certificate in Public Accounting (CPA):a.are the only accountants permitted to serve as external auditors.b.must pass a national examination and be licensed by the state in which they practice.c.may be held responsible to provide assurance concerning the reliability of a firm's financial statements.d.All of these statements are true.

Answer 1

Answer: The correct answer is "d.All of these statements are true."

Explanation: In order to have a certificate in public accounting, a national examination must be taken and among the multiple functions the accountants who have a certificate in public accounting are those who can be external auditors and are responsible for the reports they issue about the reliability of the financial statements of a company.