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is there a need for government control to improve professional conduct of audit profession?
in view of the recent developments, both in the UK and USA, is there a need for government control and regulation over the audit profession to improve professional conduct?
1 Answer
- M.D.❤GirlLv 71 decade agoFavorite Answer
Yeah, it sure does, doesn't it.
Arthur Andersen (the out sourced accountants behind ENRON)
The accountants working for WORLDCOM and Lehman Bros etc
Bernie Madoff's accountant, David Friehling, CPA
I think they should increase the severity and punishment of white collar crime, and make it as harsh as armed robbery or serial killers/mass murderers, because that is exactly what they are doing, stealing people money, and killing a lot of people by crippling them, financially and social economically.
