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Who alone may issue the auditor's opinion on a firm's financial statements?
AA registered bookkeeper
BA certified management accountant
CA chartered financial analyst
DA certified public accountant
Answer & Solution
Correct answer: D. A certified public accountant
1. To become a certified public accountant, an accountant completes an approved bachelor's degree program and passes a test prepared by the American Institute of CPAs.
2. Each state adds its own requirements, such as several years of on-the-job experience and continuing education.
3. Only a CPA can issue the auditor's opinion on a firm's financial statements.
4. The certified management accountant designation belongs to managerial accountants and does not carry that authority.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 14 "Using Financial Information and Accounting", section 14.2 The Accounting Profession_
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