What is due process in financial accounting standard-setting

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Reference no: EM131529403

Question: 1. Under financial statement insurance why would the relation between the firm and its auditor bear a slight resemblance to the relationship between Saddam Hussein and the weapons inspectors from the United Nations in 2002 and 2003?

2. What is due process in financial accounting standard-setting?

3. Why do companies, even those with "bad news," have an incentive to disclose financial reporting information?

Reference no: EM131529403

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