Question

Accountants that have a certificate in public accounting (cpa):

a. must pass a national examination and be licensed by the state in which they practice.
b. are the only accountants permitted to serve as external auditors.
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

The answer is D. Accountants that have a certificate in public accounting (CPA) must pass a national exam and must be licensed in the state they work in. They are the only accountants permitted to serve as external auditors, and may be held responsible to provide assurance concerning the reliability of a firm's financial statements.