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Recent prevalence of corporate scandals in the United States

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With the recent prevalence of corporate scandals in the United States, there have been many efforts made towards reform.

You have been asked to evaluate the following proposal and debate it on the discussion board with other experts (your classmates) in the field:

Accounting firms should be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year.

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Solution Summary

The solution is an analysis of the proposal Accounting firms should be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year.

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I do not agree with this proposal because of the following:

When an accounting firm gives a "Clean Audit" based on the information given by the firm that is being audited. In this, ...

Solution provided by:
Manal Elkhoshkhany, MBA
Education
  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
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