a) Comment on the manner in which accounting firms and their representative association / industry bodies have sought to decrease the expectations gap since this issue was first highlighted in the early 2000's.

(This part of the question has been allocated 4 marks)

b) All professional service association / industry bodies seek to impose sanctions on its members breaching their ethical codes / standards of professional conduct but often undertake these processes in private without releasing their decisions to the general public. Do you consider this appropriate or should these details be publicly released?Briefly justify your conclusions.

(This part of the question has been allocated 3 marks)