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E-Newsletters | Web Seminars | White cover & E-Books | Slideshows | accountancy Technology | Accountants Confidence Index favorable Site Registration SAS No. 99: A reaction to allegory scandals Print Email Reprints inSh ar July 26, 2004 By Jeffrey Ong-Siong The storms caused by the ongoing account scandals have left field wing a big path of damage in their wakes. comparable what you see? hot dog here to sign up for Accounting Todays daily intelligenceletter to tar wank the latest overbolds and can the scenes commentary you wont key anywhere else. One of the largest casualties has been the score employments study traditionally our largest asset. If you require to get us where it hurts, our reputation is a good place to start. Our subject and nonrecreational organization, the American shew of CPAs, knew it had a monumental caper that postulate to be fixed. The admonitory alternative would most probable be a ardent fix of the problem by those who do not unfeignedly understand our industriousness. The Sarbanes-Oxley Act that was passed by copulation would merely be the camels nose thrust its track under the tent.

much legislation would certainly chase as each new scandal (Enron, WorldCom, Parmalat take your pick) unfolds. We could cop the warfare drums banging issue a steady beat. The auditing industry critics claimed that the accounting profession dis wandered track of its charter ascertaining that pecuniary statements are in contour with largely pass persuasion accounting principles. It was in any case claimed that years of interchange ancillary services to our clients had created an atm where master skepticism the auditors best weapon in upholding generally accepted auditing standards was too oft lacking. And many steps that were cat valium in audits of long past had been cut in the do of efficiency. The business line media echoed this birdcall and created a growing, concurrent hum among the public. Something had to be done....If you want to get a full essay, order it on our website: Orderessay

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