Explain significant number of criminal tax fraud cases

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Reference no: EM131798394

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We are working with TCO - A - Given the current topics being reported in accounting, trace the history of accounting and the accounting profession that has led to many of today's current accounting issues including past accounting scandals and the resulting legislation.

It gets very difficult to trace transaction when management is trying to hide something. IRS use indirect method emplifies the pros and cons of technique that can prove fraud as well as invade tax payer privacy. In the plus column, indirect methods have been used in the successful prosecution of a significant number of criminal tax fraud cases.

Do you think the Sarbanes-Oxley Act would have been effective if it had been enacted in the 1980s? Why or why not?

1) Choose one of the 11 titles in the Sarbanes-Oxley Act of 2002 and describe it. Do you believe this section is an effective deterrent to an accounting scandal? Why or why not?

Reference no: EM131798394

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