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Public Accounting: Assurance and User Expectations

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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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 ...

Solution Summary

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