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Auditing is not necessary for effective financial reporting

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1. Unfortunately, auditing is not necessary for effective financial reporting. Do you agree with this statement? In 250 words, defend your position.

2. Do you think Adam Smith adhered to positive law as his ethical standard? Was he a moral relativist? Does his quote match stakeholder analysis? What would his ethical posture be on violating the law?

Reference no: EM132080435

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