Recent Posts  •  Latest Topics  •  Unresolved Questions
  
  
Top Posters
Since Sunday
17
9
d
7
o
6
j
6
n
5
d
5
r
5
H
5
c
5
l
5
i
5
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
islandgurl islandgurl
wrote...
Go to Answer
Posts: 36
Rep: 0 0
3 weeks ago
List and describe the three factors that influence the organizational structure of all CPA firms. What are the most common forms of CPA firm organization?
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 5 times
1 Reply
Replies
Answer verified by a subject expert
dioxy186dioxy186
wrote...
#1
Posts: 37
Rep: 0 0
3 weeks ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
The three factors that influence the organization of a CPA firm include:
1.The need for independence from clients. Independence permits auditors to remain unbiased in drawing conclusions about the financial statements.
2.The importance of a structure to encourage competence. Competency permits auditors to conduct audits and perform other services effectively and efficiently.
3.The increased litigation risk faced by auditors. Audit firms continue to experience increases in litigation-related costs. Some organizational structures afford a degree of protection to individual firm members.

Common forms of audit firm organization include:

•Proprietorship
•General Partnership
•General Corporation
•Professional Corporation
•Limited Liability Company
•Limited Liability Partnership
1

Related Topics

islandgurl
wrote...
Posts: 36
Credits: 26

3 weeks ago
Helped a lot
mcraver1
wrote...
Posts: 139
Credits: 175

Yesterday
this is exactly what I needed
fxinternational
wrote...
Posts: 83
Credits: 40

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  74 People Browsing
Start New Topic Take the Tour Study Tips Topics TrendingNew Browse by Textbook
Related Images
 3458
 281
 105
Your Opinion
Which country would you like to visit for its food?
Votes: 80
Previous poll results: Do you believe in global warming?