Emerging Auditing Issues

Search the Strayer databases or Internet for hot topics and emerging issues of financial statement fraud and other fraudulent act committed by publically traded companies, including those identified by the PCAOB. Consider the topics, trends, and longevity of those issues identified.
Write a six to eight (6-8) page paper in which you:

  1. Create an argument in agreement or disagreement that the creation of the PCAOB has been effective with improving the reliability of audited financial statement for the public users of the information. Provide support for your position.
  2. Assess the impact of the PCAOB to the accounting profession, given the shift from self-regulation to federally regulate. Provide a rationale for your assessment.

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