01 Jul 3 questions, 100 of each
Independence is the cornerstone of the accounting profession. Can a Certified Public Accountant be independent without being objective? What are your thoughts?
Research PCAOB rule, “Auditor Reporting of Certain Audit Participants”. Currently, an audit report only discloses the name of the firm issuing the report. For example, the audit report for Google is signed by Ernst and Young. What are your thoughts on requiring audit firms to publicly disclose the name of the engagement partner? Are there any potential downsides? Should every auditor who participated on the audit be disclosed (Staff, Managers, Directors, etc.)?
What do you think are some of the challenges currently facing the public accounting profession?. A friend of yours will soon graduate with an accounting degree and has been offered a job at a large public accounting firm. What challenges do you think your friend will face as he(she) begins his(her) career.
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