Business, 03.10.2019 04:30 afridi5250

1. the enron debacle created what one public official reported was a "crisis of confidence" on the part of the public in the accounting profession. list the parties who you believe were most responsible for that crisis. briefly justify each of your choice. 2. list three types of consulting services that audit firms are now prohibited from providing to clients that are public companies. for each item, indicate the specific threats, if any, that the provision of the given service could pose for an audit firm's independence. 3. the sec does not require public companies to have their quarterly financial statements audited. what responsibility, if any, do audit firms have with regard to the quarterly financial statements of their clients? in your opinion, should quarterly financial statement be audited? defend your answer.

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