Question: It is worth noting that the IFAC study (2002) has identified four key issues that would reduce the professions credibility. These issues are creative accounting,

It is worth noting that the IFAC study (2002) has identified four key issues that would reduce the professions credibility. These issues are creative accounting, poor audit quality, lack of auditor independence and financial accounting distortions. Required: What strategies may be useful at reducing or eliminating these problems in the future?

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