Question

"Auditor Accountability" Please respond to the following:

Use the Internet or Strayer Library to research a publically traded company that received an unqualified audit report from external auditors and faced accusations of reporting false or misleading accounting information. Next, discuss the departures from generally accepted accounting principles (GAAP) that you have researched, and give your opinion as to whether or not the Public Company Accounting Oversight Board (PCAOB) should levy sanctions against the CPA firm for issuing the unqualified report. Identify the sanctions and section of the report the company should have modified to address departures from GAAP. Support your position.

Compare the code of professional conduct for CPAs to the code of professional conduct for accountants who are non-CPAs. Next, determine the major ethical issues created by the mergers of public accounting firms with non-CPA firms that perform accounting services. Explain your rationale.

Answer 1

Answer:  

CPA haves guideline and good duty that the AICPA set up for CPAs when helping its client.The standards are dependability, regard, obligation, reasonableness, mindful and citizenship. Though Non CPA are not lawfully clung to maintain these standards :  

I concur that assents ought to be collect, on the grounds that an equipped and impartial auditor ought to have discovered these mistakes.

These errors appear to happen a great deal with expansive organizations since they are so enormous with various levels and bureaus of bookkeeping.

The organizations misses a considerable measure of blunders in view of such a large number of individuals approaching settling on bookkeeping choices and giving bookkeeping data.