Question: Read the case study Arthur Andersen LLP and answer the following question: In 2000, the SEC proposed new regulations that would limit consulting work by

Read the case study “Arthur Andersen LLP” and answer the following question:

In 2000, the SEC proposed new regulations that would limit consulting work by accounting firms. This proposal was not passed by Congress.

Do you think that the legislators were trying to act in the public interest when they failed to pass this proposal? Explain.

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