Question

Please respond to the following:

-Use the Internet to research a publicly traded company that received an unqualified audit report from external auditors and faced accusations of reporting false or misleading accounting information.

-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.

-Determine the major ethical issues created by the mergers of public accounting firms with non-CPA firms that perform accounting services. Explain your rationale.

*Original writing only

Answer 1

Answer:

The code of professional conduct give both general stanards and explicit Enforceable standards of direct for CPA's and non CPA's accountants. Both CPA and non CPA's accountants are additionally committed to agree to certain crucial standards.The standards or principles are reliability, respect, commitment, sensibility, careful and citizenship.The moral issues do emerge because CPA's organizations have higher commitments . To discharge their duies expertly. .

In spite of the fact that Non CPA are not legally clung to keep up these guidelines or standards :

I agree that consents should be gather, in light of the fact that a equipped and unbiased or impartial auditor should have found these errors.

These mistakes seem to happen a lot with broad associations since they are so huge with different levels and bureaus of accounting.

The companies misses a significant proportion of errors considering such countless people moving toward setting on accounting decisions and giving accounting information.