Question 1. How much should the government regulate the CPA profession?
Question 2. Given the recent accounting scandals, how much confidence should the public really have in financial statement audits?
Question 3. Are audits as important for internal managers as they are for outside investors? Why or why not?
Question 4. In light of recent audit failures, are current audit standards sufficient to ensure the integrity of audit opinions? Why or why not?
Question 5. What can be done to ensure auditors are abiding by the Code of Ethics?