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Anna007 [38]
3 years ago
8

The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going t

o serve the best interests of the investing public?", refers to concerns about:
a. Low-balling audit bids
b. Conflict between professionalism and commercialism
c. Fraud in financial statements
d. Opinion shopping
Business
1 answer:
OleMash [197]3 years ago
4 0

Answer:

B. Conflict between professionalism and commercialism

Explanation:

The conflict between professionalism and commercialism speaks to the debate on satisfying the management of an organisation as an auditor in order to meet economic situations and the need to be professionally independent of management in order to make a true and fair statement of the state of the organisation available to the shareholders as well as potential investors and the general public.

Because the management of an organisation runs the day to day affairs of that organisation, the Auditor in performing his duty interacts more with management and as such, the security of his future engagements may depend on favourable opinions of the management. This is commercialism

However, professionalism dictates that ethically, irrespective of the position of the management of an organisation, an auditor should always report the true and fair state of the business.

This represents the conflict expressed by Lynn Turner.

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A clearance is a unique sort of sale that could appeal to extra customers than traditional sales. this is due to the shop seeking to take away positive items for one cause or any other. the store is probably going out of business, the objects are going out of season, or there is not sufficient room in the shop for new gadgets.

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1 year ago
When employers use diplomas and degrees to determine who is eligible for jobs, even through the diploma or degree may be relevan
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When employers use diplomas and degrees to determine who is eligible for jobs, even though the diploma or degree may be relevant to the actual work, it becomes a Credential Society.

<h3>What is a diploma?</h3>
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2 years ago
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