Final answer:
Financial statement audits are typically carried out by Certified Public Accountants B) (CPAs), who provide an opinion on the fairness of the financial statements.
Step-by-step explanation:
Financial statement audits are typically required to be performed by CPAs (Certified Public Accountants). While the Comptroller of Public Accounts plays a crucial role as the chief accounting officer of the state and is involved in maintaining accounting records.
And collecting revenues, the actual auditing of financial statements, particularly for public companies, is a task that requires independence and specialized skills that CPAs possess.
The CPA or CPA firm conducts the audit to provide an opinion on whether the financial statements are free of material misstatement and present a true and fair view of the financial performance and position of the entity being audited.