Objectives of Public Accounting Firm All personnel, including partners, of public accounting firms must usually turn in biweekly time reports, showing how many hours were devoted to their various duties. These firms have traditionally looked unfavorably on idle or unassigned staff time. They have looked favorably on heavy percentages ‘of chargeable (billable) time because this maximizes revenue. What effect is such a policy likely to have on the behavior of the firm’s personnel? Can you relate this practice to the problem of harmony of goals that was discussed in the chapter? How?

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