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We have begun the discussion of professional ethics, as it relates to the auditing and accounting profession. Public trust is at the center of these
We have begun the discussion of professional ethics, as it relates to the auditing and accounting profession. Public trust is at the center of these standards. Individuals in auditing, corporate or governmental accounting find themselves in significant roles involving public trust. The week of March 8, the Wall Street Journal had an article on recent performance/ethical issues involving the Big 4 firm KPMG. Based on this article and any other recent news stories about KPMG, answer the following questions in your own words: 1. What is the central theme of the story? 2. Do some further research and describe the KPMG matter involving the PCAOB inspection process and breach of ethics. 3. Anything unique about this series of events? 4. What is your personal reaction to these events involving one of the leading CPA firms in the world? We have begun the discussion of professional ethics, as it relates to the auditing and accounting profession. Public trust is at the center of these standards. Individuals in auditing, corporate or governmental accounting find themselves in significant roles involving public trust. The week of March 8, the Wall Street Journal had an article on recent performance/ethical issues involving the Big 4 firm KPMG. Based on this article and any other recent news stories about KPMG, answer the following questions in your own words: 1. What is the central theme of the story? 2. Do some further research and describe the KPMG matter involving the PCAOB inspection process and breach of ethics. 3. Anything unique about this series of events? 4. What is your personal reaction to these events involving one of the leading CPA firms in the world
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