WEEK 6 DISCUSSION

ANSWER TWO OF THE FOLLOWING QUESTIONS:

1: How have accounting techniques changed in recent years? How do they resemble practices in Italy during the Renaissance?

2: How has the Security and Exchange Commission (SEC) improved reporting measures for publicly held companies? What are the weaknesses in SEC procedures?

3: Do private or not-for-profit organizations need to be concerned about auditing and fraud? Discuss the similarities and differences with public, for-profit companies.