Please provide answers next to the questions provided. Most questions can be answered with 3 or less sentences, but please do not exceed 5 sentences.

Why are there two different bodies (i.e. PCAOB and AICPA) governing the auditing profession? How are they different from each other?

In your opinion, which principle underlying the AICPA Auditing Standards was primarily violated in the Enron case? Explain your answer.