1. While congress believed that Sarbanes-Oxley would improve corporate corruptio
ID: 2442839 • Letter: 1
Question
1. While congress believed that Sarbanes-Oxley would improve corporate corruption and prevent future corporate scandals, it has actually contributed to workplace deviance in public accounting firms. Discuss what went wrong.2. Discuss how the shortage in CPA"s has contributed to deviant workplace behavior and what solutions there may be to the talent shartage.
3. How has public criticism of the public accounting profession contributed to workplace deviance? What solution are there to decrease deviance in public accounting firms?
Explanation / Answer
1.The new laws and regulations have neither prevented frauds nor instituted fairness.
They have put many restraints on the creation of new companies.
2. The shortage in CPAs has contributed to deviant work place behavior :
The shortage in CPAs has lead to a decline in the standards of providing
Accounting information.
Solutions :
3.These problems can be solved in the following way :
Lifting age restrictions on public accountants.
Lowering the experience standards.
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