Which of the following is not a characteristic of a small firm?
A. Most small firms have fewer than 25 professionals.
B. Small firms perform audits on small and not-for-profit businesses.
C. Tax services are more important than auditing services to the small firm.
D. Small firms are prohibited by the SEC from auditing publicly traded companies.
Answer:D
Which of the following is not a characteristic of a small firm?
A. Most small firms have fewer than 25 professionals. B. Small firms perform audits on small and not-for-profit businesses. C. Tax services are more important than auditing services to the small firm. D. Small firms are prohibited by the SEC from auditing publicly traded companies.