; “> Unit 1 Assignment #2 and Rubric
Assignment: Self-Regulation in the Accounting Industry In this Assignment, you will research recent important accounting industry events that have shaped the profession as we know it today.
Due to several events, the public and legislators began to doubt the ability of the
accounting profession to self-regulate. As a result, Congress reformed the accounting
profession’s system used for regulating itself.
Checklist: 1. Visit the Kaplan Library (access in the course home area) to research the accounting system of self-regulation. Describe at least one major historical event that occurred in the business world in the past 20 years and discuss how this affected today’s accounting system of self-regulation. 2. Describe the legislation that altered the self-regulation process of the accounting profession. 3. Describe the regulation process for accounting firms that audit (A) public companies and (B) non-public companies. 4. Describe how this new self-regulation process would affect you as an auditor working for a large public accounting firm today. Discuss the strengths and weaknesses of self-regulation in the accounting profession as a result of the historical events you described. Respond in a minimum of a 2-page, APA-formatted, and citation-styled paper and submit this section of your Assignment to the unit Dropbox. Submit your responses to the above questions to the Assignment #2 Dropbox. For additional assistance with your writing, please visit the Kaplan University Writing Center.
Common Citations in APA
Whittington, O. R., & Pany, K. (2014). Principles of auditing & other assurance services (19th ed.). New
York, NY: McGraw-Hill.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more