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