ETHICS AND ACTION

Review the “Ethics in Action” scenarios in Chapter 46 of your text.

Write a paper of not more than 1,050 words in which you answer the following questions:

• Do you think that the creation and work of the Public Company Accounting Oversight Board (PCAOB) has resulted in greater independence of auditors of public companies?
• If auditing of financial statements is required primarily for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements?
• What regulatory compliance requirements apply to various business situations?

Cite at least 4 peer-reviewed references