alleryStart learning →Of the accountants who belong to the AICPA, what share work in public accounting firms?
A47 percent
B39 percent
C10 percent
D62 percent
Answer & Solution
Correct answer: A. 47 percent
1. More than 418,000 accountants belong to the American Institute of CPAs.
2. Of those members, 47 percent work in public accounting firms.
3. A further 39 percent work in business and industry.
4. The 39 percent figure is the trap here, because it names the second group rather than the public accounting one.
_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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