Discuss the importance of auditor independence. What factors contribute to an auditor being considered independent? How does the merger of the large accounting firms affect the concept of auditor independence? Consider antitrust laws in your answer. Do the large accounting firms have a monopoly on audits of publicly traded companies? Does Sarbanes-Oxley go too far in prohibiting nonaudit services from being provided by the audit firm?
Answer to relevant QuestionsDo the whistle-blower provisions of SOX adequately and fully protect employees? Why would an employee remain silent if fraud is obvious? How do these provisions ensure the anonymity of the whistle-blower? Discuss ...Multiple Choice Questions1. Special agents in the IRS Criminal Investigation Division are not involved in which of the following cases?a. Cases involving legal sources income.Legal sources of income can be deliberately ...What are other crimes associated with federal income tax fraud?How does the “lesser included offense doctrine” apply to false taxpayer statements and income tax evasion?What is the penalty for federal income tax evasion under IRC § 7201?
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