Draft a memo that highlights about creature of regulation

Reference no: EM1394072

You recently attended your five-year college reunion. At the main reception, you encountered an old friend, Lee Beagle, who recently graduated from law school and is now practicing with a large law firm in town. When you told him that you were a CPA and employed by a regional CPA firm, he made the following statement: "You know, if the securities acts had not been passed by Congress in the 1930s, no one would be interested in having a audit performed. You auditors are just creatures of regulation."
Required:

Draft a memo that highlights your thoughts about Lee's statement that auditor are "creature of regulation." Be sure to consider relevant evidence of a demand for auditing services outside of legal and regulatory requirements in your memo, and focus on the value that auditing provides.

Reference no: EM1394072

Questions Cloud

Number assemblers and production : Draw a scatter diagram. Based on the scatter diagram, does there appear to be any relationship between the number assemblers and production? Explain.

Determine the goal of creating a brand name : Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition.

Are there other dimensions on which tradition should measure : Explain the effects you believe the Internet's capabilities will have on these brands also illustrate what should the owner of the brand do in light of them.

Proportion of applicants that fail the test : As a condition of employment, Fashion Industries applicants must pass a drug test. Of the last 220 applicants 14 failed the test. Develop a 99 percent confidence interval for the proportion of applicants that fail the test.

Draft a memo that highlights about creature of regulation : Draft a memo that highlights your thoughts about Lee's statement that auditor are "creature of regulation." Be sure to consider relevant evidence of a demand for auditing services outside of legal and regulatory requirements in your memo

Explain experience of humanities from theater and dance : As a way of experiencing Humanities beyond classroom, computer, and textbook, attend the "cultural event" and report on experience. Visit museum or gallery exhibition or attend theater, dance, or musical performance.

Classify the specific reasons for these criticisms : Critics of CRAs assert which they are too intrusive, ineffective also unnecessary also which they can cause as many problems as they solve. Classify the specific reasons for these criticisms.

Proportions of defective chips : Two semiconductor factories are being compared to see if there is a difference in the average defect rates of the chips they produce. In the first factory, 250 chips are sampled. In the second factory, 350 chips are sampled. The proportions of def..

Identifying levels of measurement : What is the level of measurement for these items related to the newspaper business?

User Account

All Pages