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Public Accounting: Assurance and User Expectations

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Why is public accounting often viewed as a guarantor of results or even as a provider of assurance that one's investment is of high quality?

To what extent is the user expectations of public accounting profession appear to be unwarranted?

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Solution Summary

This is a discussion on public accounting and how it incurs user expectations and becomes a provider of assurance.

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I think in large regard public accounting is viewed as a guarantor of results and a provider of assurance is because traditionally companies have relied on independent accounting firms to perform this function. With this in mind, people have come to assume that ...

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