accounting case study

1. What is an earnings restatement?
2. Why do the authors of reading 1 say that “we should view personal testimonials of auditor
independence with skepticism”?
3. What does the phrase “our arguments suggest a pessimistic prognosis for would-be reformers” mean?
4. The shift in corporate ethics (described on pg 13) was from what to what?
5. Who benefits if auditors only appear to be independent?
6. Who suffers, if auditors appear to be, but are not in fact independent?
7. In 2000, the SEC proposed a rule that auditing firms should not be allowed to also provide
consulting services to companies they are auditing. How did the accounting firms respond?
8. What is the last sentence of the section “a brief history of audit regulation”?
9. Summarise the 5 suggestions the authors of reading 1 make for increasing regulation of the
auditor-client relationship.

Questions for reading 2: “Ameliorating conflicts of interest in auditing” by Mark Nelson
10. Nelson argues that recent accounting reforms improve financial reporting. In your own words,
summarize the 4 ways that recent reforms are helpful.
11. According to the SOX, who chooses a company’s auditor?
12. How does Nelson argue against the accusation by Moore et al. that accountants only care about
appearing independent?

Question for reading 3: “Reports of solving the conflicts of interest in auditing are highly exaggerated” by
Max Bazerman et al.
13. According to Bazerman et al., what are the 3 tools that tobacco and oil firms are effectively using
to avoid disruption of their current ways of making money?
ORDER THIS ESSAY HERE NOW AND GET A DISCOUNT !!!

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.