Answer the following three questions from the following two reports:

https://pcaobus.org/Inspections/Reports/Documents/2015_Ernst_Young.pdf

https://pcaobus.org/Inspections/Reports/Documents/2015_Deloitte.PDF

Question #1-Compare and contrast the PCAOB inspection reports for Ernst & Young and for Deloitte (200250 words).

Question #2-Which firm do you think received the more favorable inspection report? Why?

Question #3-Suppose you are the chairperson of the audit committee of a publicly traded company and you are considering engaging a new registered public accounting firm to audit the company. What is your view (200250 words) of the quality of the audit work provided by Ernst & Young and would you consider inviting this firm to submit a proposal for a financial statement audit? Why or why not?