Need some help with these questions:

1)In this course, we have been reviewing audited financial reports. If the auditors fee is paid from the entity being audited, isnt there a conflict of interests that may lead to a lack of objectivity?

Do you believe that a CPA can be truly independent when their payment of fees is dependent on the client?

2)You overheard a friend at a party say that changes in information technology will greatly decrease the demand for accountants. How would you respond to this comment?

3)Most government entities, not-for-profits, and for-profit companies have a Code of Conduct. This document outlines the responsibilities and proper practices for an individual in the organization. In most cases, new employees need to sign a letter acknowledging that they have read and understand the Code of Conduct.

Do you really believe that having a written code of conduct will reduce fraud and other dishonest acts in an organization? Why or why not?