Problem 1: What is the most recent litigation brought by the SEC against a public firm or against an accounting firm? What is the most recent Staff Accounting Bulletin that provides guidance to the profession? What was the guidance given?
Problem 2: Would you want to work for a large corporation that is subject to SEC oversight? Large corporations can be good or bad places to work. Small companies can be good or bad places to work. Why can some be good to work for and others be bad?
Please provide a full response for a deep understanding around 200 to 250 words