A business provides a service to please customers; a profession serves _________________ by adhering to an ideal.

Group of answer choices

clients

the public interest

government

none of the above

John Bogle, founder of The Vanguard Group, Inc., believes there is a societal trend for professions to behave like businesses.

Group of answer choices

True

False

Past AICPA President Barry Melancon believes the accounting profession culture needs more of which of the below?

Group of answer choices

a passion for getting it right

commitment to letter of rules

commitment to spirit of rules

both a and b

all of the above

Barbara Toffler believes that much of the change from ethical culture to unethical culture at Arthur Andersen during the 1990s was due to which of the following?

Group of answer choices

shift to performing more tax returns than auditing work

shift to performing more management consulting than auditing work

both a and b

neither a nor b

When performing an audit of a publicly-traded corporation, accountants should act as PUBLIC guardians beholden SOLELY to financial statement users.

Group of answer choices

True

False