Instruction
Initial Post
This posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100–200-word range. Explain why with supporting evidence and concepts from the course material. Include in-text citations and associated references in a reference list.
Preparation
Input into Google or other search engine, AICPA Code of Professional Responsibility Section 53. A pdf file should come up. Open the pdf. Go to Section 53, Article II – The Public Interest. Read this article.
Follow the link and read the article: “2007 Financial Crisis Explanation, Causes, and Timeline.”
For Discussion
Input into Google or other search engine, AICPA Code of Professional Responsibility Section 53. A pdf file should come up. Open the pdf. Go to Section 53, Article II – The Public Interest. Read this article.
Consider what you have read in your course material and learned from what this article states about ethics and the duty of the Certified Public Accountant (CPA) in relation to the public interest.
Based on this information, respond and discuss to the following statement. Explain whether you agree or disagree. Support your position using the course material and the article.
“CPAs should have been able to prevent the global financial crisis of 2007–2008.”