Question
Question #1 Many companies are required to have a financial audit by an independent CPA firm.Independence requires an objective approach to the audit process.The audit
Question #1
Many companies are required to have a financial audit by an independent CPA firm.Independence requires an objective approach to the audit process.The audit is intended to provide reasonable assurance, but not absolute assurance, that the financial statements are presented fairly. The firm being audited pays the CPA firm to complete the audit.For example, Google paid its auditor, Ernst & Young, over $16 million to complete their 2018 audit.Do you believe that the auditor can be truly independent when their payment of fees is dependent on the client?
Question #2
Can you think of any business leaders who are known for their "virtues"?Who, and what company are they associated with?Or is difficult for you to think of business leaders who are known for their "virtues"?
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