Problem 1-20 Consumers Union is a non-proff organization that provides information and counset on consumer goods and services. A major part of its function is the testing of different brands of consumer products that are purchased on the open market and then the reporting of the results of the tests in Consumer Reports, a monthly publication. Examples of the types of products it tests are middie-sized automobiles, residential dehumidifiers, flat-screen TVs, and boys' jeans. REQURED a. In what ways are the services provided by Consumers Unicn similar to assurance services provided by public accounting firms? b. Whot characteristice do you think a relioble consumer evolustion service would have? How do thode characteristics compare to those of a reliable auditor? c. What incentives or pressures might cause Consumers Unicn not to perform its responsibilities? d. What incentives and pressures might cause an aud tor not to perform his or her responsibilites? e. Compare the concept of information risk taced by a shareholder of Toyota when uaing the financial statements with the information risk problem faced by a buyer of a Toyota automobie. f. Compare the four causes of information risk faced by users of financial statements as discussed in this chapter with those faced by a buyer of an aulomobile. g. Compare the three ways users of financial statements can reduce information risk with those available to a buyer of an automobile