Under what conditions is a public company allowed to dismiss its independent audit firm? Under what conditions is an independent audit firm allowed to resign as the auditor of a public company? What disclosures, if any, does the SEC mandate when a public company experiences a change in its independent auditors?
Answer to relevant QuestionsShould the SEC selectively prosecute companies, organizations, or individuals to encourage compliance with legal or professional standards? Defend your answerWhy do you believe that SOX does not provide legal remedies for corporate whistleblowers who are punished by their employers after communicating with members of the news media?In a 1984 opinion handed down by the U.S. Supreme Court, Chief Justice Warren Burger noted that “the independent auditor assumes a public responsibility transcending any employment relationship with the client.” If this ...Do you believe that it was appropriate for Suzette to report the alleged theft ring to a store manager? Would it have been unethical for Suzette not to report the rumored theft ring?Before interviewing with the two St. Louis accounting firms, did Arvel have an obligation to inform them that he had an outstanding job offer from a Big Four practice office in Kansas City? Why or why not?
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