Explain how the Sarbanes-Oxley Act of 2002 has had a major impact on the accounting profession.
Answer to relevant QuestionsExplain the role of the auditor in the corporate governance process. Is this role more important or less important today than twenty years ago? How would you describe the auditing profession to a friend? Describe at least one element of the profession that is appealing to you. Describe another element that is less appealing, and explain why.Describe the quality control measures the audit firm uses to ensure that the audit process corresponds to professional standards.1. Which of the following statements best explains why the CPA profession has found it essential to promulgate ethical standards and to establish means for ensuring their observance?a. Vigorous enforcement of an established ...A client contacts a public accountant about representing it regarding a hearing for a tax dispute with the IRS. In discussion with the client, the accountant stresses her extensive experience with the IRS. Because of this ...
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