FINANCIAL STATEMENT AUDITS AND ETHICAL CONSIDERATIONS
April 19 2022 | 1:00 – 2:05 pm EST
Increased competition in financial statement audits made public accounting firms more concerned with keeping clients happy and retaining that relationship while maintaining profits. As a result, many accounting firms are doing more with less staff while company management needs to meet bank covenants or bonus promises. In prosperous times it isn’t an issue, but when the company faces a slow period, greed can cross ethical boundaries.
