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What is the primary benefit of having CPA firms audit the financial documents of publicly traded firms? It gives investors confidence that the firm is
What is the primary benefit of having CPA firms audit the financial documents of publicly traded firms? It gives investors confidence that the firm is truthful and potentially profitable, and so it is easier for firms to sell stock and get loans as a result. It saves taxpayers money as then government accountants don't need audit the documents. It eliminates the chance a firm will go bankrupt. c It gives information on how to cut costs to the firm audited. In order for a kickback to take place: Someone must have the authority & responsibility to decide how to spend money of others. Rich people must have more political power than poor. Those in private business must be corrupt (but government officials may be honest). Government officials must be corrupt (but those in private business may be honest)
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