Which of the following is not a function of public accounting firms?Transaction AdvisoryDue dilligenceFinancial Planning & AnalysisAudit
Question
Which of the following is not a function of public accounting firms?Transaction AdvisoryDue dilligenceFinancial Planning & AnalysisAudit
Solution
Financial Planning & Analysis is not a function of public accounting firms. While public accounting firms do provide a wide range of services, they are primarily focused on audit services, tax services, and consulting. Financial Planning & Analysis, on the other hand, is typically a function performed within a company to support business planning and decision making. It involves budgeting, forecasting, and various types of financial analysis to help the company achieve its financial objectives.
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