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QUESTION
What does the phrase “our arguments suggest a pessimistic prognosis for would-be reformers” mean?The shift in corporate ethics (described on pg 13) was from what to what?Who benefits if auditors only
- What does the phrase “our arguments suggest a pessimistic prognosis for would-be reformers” mean?
- The shift in corporate ethics (described on pg 13) was from what to what?
- Who benefits if auditors only appear to be independent?
- Who suffers, if auditors appear to be, but are not in fact independent?
- In 2000, the SEC proposed a rule that auditing firms should not be allowed to also provide consulting services to companies they are auditing. How did the accounting firms respond?
- What is the last sentence of the section “a brief history of audit regulation”?
- Summarize the 5 suggestions the authors of reading 1 make for increasing regulation of the auditor-client relationship.
