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Question - Roberto works for a mid-sized CPA firm and has been involved in audits of the firm's most important client for 3 years. He recently went on a Continuing Education Course that looked in detail at the AICPA Code. He has now become concerned that his team is not paying enough attention to possible conflicts of interest, and would like to somehow suggest that they would benefit from studying the Code.
Required -
a) How would you advise Roberto to make this suggestion? What should he say to make it clear that consideration of possible conflicts of interest is very important?
b) What pushback do you think he might get? How should he plan to counter the pushback?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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