Question

How does the accounting/auditing profession sustain public trust in the face of such serious allegations?

How does the accounting/auditing profession sustain public trust in the face of such serious allegations?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

'Ans: accounting/auditing profession sustain public trust in the face of such serious allegations because the professions are based on independence in the opinion and judgement and are based on the principle of giving a trur and fair view on the financials of the company to the stakeholders. And the profession is guided on specific standards which are in public benefit and are universal and trannspared. this are few reasons why accounting/auditing profession sustain public trust in the face of such serious allegations.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What do the experts say about Sarbanes Oxley? Has the accounting/auditing profession been improved since its...
What do the experts say about Sarbanes Oxley? Has the accounting/auditing profession been improved since its inception (around 2002)?
The negative publicity associated with financial scandals worldwide has seriously eroded public confidence, trust in the...
The negative publicity associated with financial scandals worldwide has seriously eroded public confidence, trust in the auditing profession and damaged the reputation of the profession (Fadzly & Ahmad, 2004). Many believe that this crisis is due to “audit expectation gap”. Required Critically evaluate the above statement and to what extent you believe that the above mentioned crisis can be explained by “audit expectation gap”. You are required to provide a “theoretically explanation” why an audit expectation gap could exist between...
Why does the accounting profession make a distinction between internally created intangibles and purchased intangibles?
Why does the accounting profession make a distinction between internally created intangibles and purchased intangibles?
What do you think are the most important reasons for low public trust in government? How...
What do you think are the most important reasons for low public trust in government? How could public trust in government be increased?
1) Do you think the public accounting profession should get involved in sustainability reporting? Support your...
1) Do you think the public accounting profession should get involved in sustainability reporting? Support your answer. Name one financial reason and one non-financial reason why a company would issue a sustainability report. 2) Non-GAAP earnings, however, also generally result in a more positive or negative (please choose one) earnings outcome than GAAP earnings. Briefly explain your answer.
How do you think you might use data analytics and data visualization in accounting and auditing...
How do you think you might use data analytics and data visualization in accounting and auditing industry
1. If your accounting firm is hired to examine a public company’s gift card program for...
1. If your accounting firm is hired to examine a public company’s gift card program for compliance with regulations. Which type of service is your firm providing? Select one: a. Assurance b. Attestation c. Auditing d. Review 2. Near the end of an audit, the application of analytical procedures is Select one: a. recommended by auditing standards. b. not mentioned by auditing standards. c. not useful, since detailed substantive procedures have already been performed. d. required by auditing standards. 3....
Explain Imogene King's theory and how does it apply to your nursing profession? Minimum of 150...
Explain Imogene King's theory and how does it apply to your nursing profession? Minimum of 150 words
Medical terminologycourse: How does a decubitus ulcer develop and why is it a serious condition?
Medical terminologycourse: How does a decubitus ulcer develop and why is it a serious condition?
How does solubility and/or drug incompatibility relate to your intended profession(nursing)? Are there particular problems that...
How does solubility and/or drug incompatibility relate to your intended profession(nursing)? Are there particular problems that could arise if you didn't check?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT