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With the recent prevelence of corporate scandals in the United States recently, there have been many efforts made towards reform.
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Get Help Now!You have been asked to evaluate the following proposal and debate it with other experts in the field:
Accounting firms should be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year.
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I do not agree with this proposal; however, I must describe the basis for my disagreement.
An accounting firm can only be responsible for following established, ethical audit standards and for reporting their …
