It appears that many of the cases noted in the textbook are related to the auditor being pressured by their clients to overlook certain mistakes and$/$or pursue certain practices and rules so the clients can offer up the best financial statements to the public. Tax accountants are also pressured by their clients to help them maximize their tax savings and ultimately pay less taxes.

Do you think the inherent nature of these client$-$serving relationships creates a conflict of interest between the CPAs$/$auditors and their clients? Do you think the same conflict of interest applies to the tax accountants and the clients they serve?

If you answered yes to any of the questions above, can you suggest a solution, perhaps an alternative structure? In your alternative structure, please identify the pros and cons of this new way of doing business, which means ensuring public trust and minimizing fraud just to name a few main objectives.

Name one solution$/$alternate structure for CPAs and another solution$/$alternate structure for tax accountants. Discuss the pros and cons of each solution.