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Topic: Business
Number of pages / Number of words: 5 / 1159
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The death of Arthur Andersen & Co., shocking revelations of apparent complicity with the shenanigans in the financial scandals, as well as the public's perceived inability to trust the accounting profession to police itself, led to the establishment of the Public Company Accounting Oversight Board (PCAOB)...


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One issue of immediate concern to the PCAOB was whether the auditor could provide transfer pricing opinions to its audit clients. As a result of SOX and the PCAOB directives, many MNEs stopped using their auditors for transfer pricing services, including documentation advice or opinions.

A further element of the financial scandals of the late 1990s and early 2000s related to the proliferation of tax shelters, promoted by accounting firms, financial firms, law firms, and other promoters...


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General points of the essay

Arthur Andersen: Questionable Accounting Practices An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management discuss the role of the financial accounting and managerial accounting functions in organizations Impact Of Recent Accounting And Financial Scandals On Regulatory Bodies Managerial Accounting Vs Financial Accounting Managment Accounting, Financial Control, Management Control, Strategic Management Accounting (Sma) Public Company Accounting Oversight Board; Will it Protect Investors? The Accounting profession and its Obligation to Society The Differences Between Financial Accounting And Management Accounting The Effects of Technology on the Accounting Profession Why are Ethics Important in the Accounting Profession? Accounting Scandals International Accounting Standards Board Public Perception Of The Police The Police and The Public

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