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    Auditing: Government Regulating CPA Profession

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    1. How much should the government regulate the CPA profession?

    2. Given the recent accounting scandals, how much confidence should the public really have in financial audits? (Consider Enron, Health South, World Com, Tyco.)

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    Solution Preview

    1) The government should highly regulate the CPA profession given its track record of scandals. Being over-cautious is being unpleasantly ...

    Solution Summary

    This solution explains how much the government should regulate the CPA profession.