Problem
1. Under financial statement insurance why would the relation between the firm and its auditor bear a slight resemblance to the relationship between Saddam Hussein and the weapons inspectors from the United Nations in 2002 and 2003?
2. What is due process in financial accounting standard-setting?
3. Why do companies, even those with "bad news," have an incentive to disclose financial reporting information?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.