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major challenges facing the accounting profession

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What are the major challenges facing the accounting profession.

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What are the major challenges facing the accounting profession. Please write at least 200 words.

The major challenges before the accounting profession are the erosion in the credibility of the accounting profession. After the scandals like Tyco and Enron, the accounting profession has lost its esteem and the Sarbanes Oxley Act has challenged the accounting profession to improve the believability of the accounts in general and ...

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