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Bulletin 2006007Auditor of State Bulletin Date Issued: June 30, 2006, TO:All Public Offices Independent Public AccountantsFROM:Betty Montgomery Ohio Auditor of StateSUBJECT:Public Contracting/Required
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What is independent public accountants?
Independent public accountants are external auditors who are not affiliated with the company they are auditing. They provide an unbiased opinion on the accuracy of a company's financial statements.
Who is required to file independent public accountants?
Public companies are required to file independent public accountants as part of their annual financial reporting.
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Independent public accountants are typically filled out by the auditing firm hired by the company. The report details the findings of the audit and the opinion on the financial statements.
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The purpose of independent public accountants is to provide assurance to external stakeholders that a company's financial statements are accurate and reliable.
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Independent public accountants must report on the company's financial statements, accounting practices, internal controls, and any findings or recommendations resulting from the audit.
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