Question: Audit vs Review (vs Compilation) report Comparing an audit vs. review report, which engagement would you choose? Discuss the pros and cons from the perspective

Audit vs Review (vs Compilation) report

Comparing an audit vs. review report, which engagement would you choose? Discuss the pros and cons from the perspective of both the accountant performing the audit or review and the client receiving the audit or review services.

Code of Professional Conduct

Based on the AICPA Code of Professional Conduct, did the CPAs involved in the Enron scandal act with integrity, as defined by the Code? Why or why not?

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How accurate is this information (compared to information in Step 2)?

How influential does this public see itself as being within the organization?

How does or how might the key public affect your organization?