Evaluate the effectiveness of the current quality control

Reference no: EM132486701

Please respond to the following:

Question 1: Compare the attestation services provided by independent professionals with other assurance services provided by CPAs. Next, discuss at least two goals of each service and how the service contributes to decreasing the risk of reporting errors or misstatements in financial statements. Provide the underlying principles supporting your response.

Question 2: Evaluate the effectiveness of the current quality control standards and practices in the accounting profession. Next, identify at least one standard or practice that merits improvement and the corresponding improvements recommended.

Reference no: EM132486701

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