With the passage and implementation of the Dodd$-$Frank Law during the time period mentioned in our discussion, have there been any direct changes to the accounting profession regarding reporting requirements and$/$or the interaction with clients? If so$,$ could you discuss at least one of those changes? Has the implementation of Dodd$-$Frank had the desired effect? What have been some negative effects of these new rules upon business and the accounting profession?

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The DoddFrank Wall Street Reform and Consumer Protection Act enacted in 2010 aimed to address the regulatory gaps and weaknesses in the financial indu... View the full answer