Financial news is everywhere in the popular press and media. How do you interpret the following examples
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Financial news is everywhere in the popular press and media. How do you interpret the following examples of financial news related to the concepts in this chapter?
In a news article regarding audits of major publicly traded companies, the writer said that a typical company has to pay a lot of money to hire a CPA firm to audit the company’s financial statements. The writer said that audit fees were too high and that companies and their stockholders would save a lot of money if audits were not required. Do you think that’s a good idea? Why or why not? Search the Internet for news articles to support your answer.
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