Question: List and describe two major developments designed to allow auditors
List and describe two major developments designed to allow auditors to focus on their review of, and not service to, public companies.
Answer to relevant QuestionsSome commentators state that the concept of independence is the most important aspect of Sarbanes-Oxley. How is independence required and why is it critical to corporate governance? What are three defenses that might be used by a party charged with violating the Securities Act of 1933? 1. The FTC and Trade Practice Regulation (a) Explain the difference between a cease and desist order and a consent order. Which type of order is used most frequently at the FTC for consumer protection? Why do you suppose ...Explain how the U.S. Constitution limits government privacy intrusions. Why is this not an effective limitation on private businesses? Explain what it means to say that “emissions trading has propertitized pollution.”
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