8. Which of the following provisions is not included in the European Union 8th Directive?

Group of answer choices

cooperation with oversight bodies outside the EU regulatory infrastructure

ethics and duties requirement for statutory auditors

whistle-blower protection

none of the options given

public oversight of the accounting profession

12. When does the so-called agency problem occur in capitalist economics?

Group of answer choices

When altruism instead of self-interest dominates human behavior.

When incentives exist that connect the agents self-interest with the self-interest of the principal.

When agents who are supposed to act for the well-being of the principals instead act for their own self-interest.

When the motivation to act on the principals behalf goes back to the agents own self-interest.