Question: please answer question 5 and 6 , if you can answer question 1-4 it will be great and thumb up for you In summary, the
In summary, the ethical issues that face consulting as a profession are quite different than those faced by individual consultants. Scope of service for me is the most important issue facing the consulting profession. It has the potential to split the profession as we know it today and as it has existed for the past 100 years. The issues that individual consultants face are basic issues of honesty and fairness. Questions 1. Has the accounting profession changed much over the last 100 years? In what ways has it changed? Why? 2. Why was it necessary for the government to legislate the Securities Act of 1933 and the Securities and Exchange Act of 1934? 3. Why has audit revenue decreased over the last 10 years? What services will make up for these changes in the future? 4. What are some of the possible independence conflicts resulting between auditors and consultants working for the same client? 5. What possible ethical concerns face today's CPA's? What is your opinion regarding these issues? 6. Are ethics based on a judgment call or are they based on specific ideas and principles? Explain
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