Why have many cpa firms willingly settled lawsuits out of, Ask an Expert

Accounting

1. Why have many CPA firms willingly settled lawsuits out of court? Are there any associated implications for the profession?

2. Many people believe that an auditor cannot be truly independent when the client pays the audit fees. Can you think of any possible solutions or approaches that might reduce this apparent lack of independence?

3. What sort of rules or restrictions are in place for CPA's in terms of marketing and advertising their services?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M951470

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