Accounting Profession: Oversight, Auditor Independence, and Financial Reporting Issues
Description:
Correspondence issued by the General Accounting Office with an abstract that begins "The accounting system's self-regulatory system for auditors, which largely depends on voluntary contributions from the accounting industry, is plagued by fragmentation, lack of coordination, poor communication, and conflicts of interest. In GAO's view, the current self-regulatory system is broken, and oversight by the Securities and Exchange Commission (SEC) has fallen short in protecting the public interest. B…
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Date:
May 3, 2002
Creator:
United States. General Accounting Office.
Item Type:
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Partner:
UNT Libraries Government Documents Department