Identify the criteria you believe large international accounting firms should use when evaluating individuals for promotion to partner. In your opinion, which of these criteria should be most heavily weighted by these firms? Should smaller accounting firms establish different criteria for evaluating individuals for promotion to partner? Explain.
Answer to relevant QuestionsDiscuss the advantages and disadvantages of the “up or out” promotion policy followed by many accounting firms.Since its inception, the PCAOB has been criticized by many parties. Summarize the principal complaints that have been directed at the PCAOB. Do you believe this criticism is justified? Explain. What measures could the PCAOB ...Do public accounting firms have a responsibility to facilitate the career success of female employees? Why or why not? Identify policies accounting firms could implement to increase the retention rate of female employees.When assessing audit risk, should auditors consider the type and number of third parties that may ultimately rely on the client’s financial statements? Should auditors insist that audit engagement letters identify the ...As a general rule, do you believe that “professionals” should be compensated for the overtime they work? Defend your answer.
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