Sep 17, 2021

Independent Accountant

The following accounting terms are found in the Dictionary of Accounting Terms An independent accountant is a Certified Public Accountant (CPA) in public practice who does not have any financial or other ties to the company whose financial statements are under examination. For the CPA to be able to perform the attest function properly, he or she must be objective and impartial. It is important to note that the term refers to an external auditor, not an internal auditor on the client’s In independent auditing, an auditor who has been involved with the client as an underwriter, promoter, trustee, or officer is not allowed to participate.

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