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Many corporations require all staff accountants to hold not only a degree in accounting but also to have a CPA license. There is a substantial

Many corporations require all staff accountants to hold not only a degree in accounting but also to have a CPA license. There is a substantial higher cost to hiring CPAs

Speculate on why corporations do not lower their explicit payroll cost by hiring accountants without a CPA. Consider how asymmetric information, moral hazard, and adverse selection make the perception of risk

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