As seen in historical cases such as Enron and WorldCom, these pressures resulted in senior executives...

As seen in historical cases such as Enron and WorldCom, these pressures resulted in senior executives performing acts that had devastating results for themselves, the company, its employees and investors. Do you think the accounting profession has done a good job at educating the public at what accountants can and cannot do?

Expert Solution

Explanation :

The accounting professional plays an important role in true and fair representation of financial statements of an organisation.
The accountants are not only involved in recording transactions but are also maintaining financial statements and other activities. They take on vast array of task throughout the organisation.

The accountant professionals helps organisation in preparing corporate strategy, and in preparing business to be more efficient and cost-effective.

The accountants have their involvement in all the matters relating to a company's financial health. They are involved in creating and managing strategies for organisations related to finance.

The accountant have been able to reduce frauds and inappropriate representation of financial statement of an organisation to a certain extent not completely by educating public about what accountant can and cannot do because the financial statements are reviewed and approved by management and those charged with governance.

ekkarill92 answered 1 year ago

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