Expectations of the public accounting profession


Why is public accounting often viewed as a guarantor of results, or even as a provider of assurance that one's investment is of high quality? To what extent is it reasonable to view the auditor as a guarantor? Explain. To what extent do you believe that user expectations of the public accounting profession appear to be unwarranted? Explain 200-300 words.

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Managerial Accounting: Expectations of the public accounting profession
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