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4min chapter
Auditing Apathy With Ron Baker
The Accounting Podcast
CPAs - Is the CPA Brand a Monopoly?
Only 15% maybe less now of CPAs are deployed in auditing financial statements. "It destroys the public trust or at least it has an impact on it maybe," he says. The pay is low because the public also knows this, so they're not willing to pay for audits. Only a small tiny percentage of investor decisions are made with audited financial statements.
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