“Auditor Accountability” Please respond to the followingEactivity: Use the Internet to research a publically-tradedcompany that received an unqualified audit report from externalauditors and faced accusations of reporting false or misleadingaccounting
From the e-Activity, discuss the departures from generallyaccepted accounting principles (GAAP) that you have researched, andgive your opinion as to whether or not the Public CompanyAccounting Oversight Board (PCAOB) should levy sanctions againstthe CPA firm for issuing the unqualified report.Identify the sanctions and section of the report the companyshould have modified to address departures from GAAP. Support yourposition.Compare the code of professional conduct for CPAs to the codeof professional conduct for accountants who are non-CPAs. Determinethe major ethical issues created by the mergers of publicaccounting firms with non-CPA firms that perform accountingservices. Explain your rationale.
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