Public accounting firms have consistently looked for additional services that might increase their profitability. To that end, CPAs can provide value to clients with assurance services.
Required:
Discuss each of the following topics.
A. Describe two of the services identified by the AICPA.
B. Why would the public prefer to have a public accounting firm as a provider of these services?
C. What are the possible negative consequences for public accounting firms if they provide services outside the realm of traditional accounting services?
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