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enron accounting ethics
Essay specific features
Written by:
Timothy P
Date added:
February 13, 2017
Level:
University
Grade:
A
No of pages / words:
9 / 2295
Was viewed:
7172 times
Rating of current essay:
Essay content:
Because a licensed CPA is also likely to belong to the AICPA and the state society of CPAs, investigations of ethics violations may be carried out jointly by the AICPA, the state society, and the state board of accountancy.
CPAs in public practice who audit the financial statements of public corporations are subject to federal securities laws and regulations, including the Securities Exchange Act of 1934...
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The Securities and Exchange Commission (SEC), which administers these laws, has broad powers to regulate corporations that sell their stock to the public. One important SEC requirement is that these corporations' financial statements be audited by an independent CPA. The SEC has the authority to establish and enforce auditing standards and procedures, including what constitutes independence for a CPA...
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