Accounting Profession Status of Panel on Audit Effectiveness Recommendations to Enhance the Self-Regulatory System

9780756728137

0756728134

Report after the sudden failure of Enron Corp. Concerns the status of recommendations made by the Panel on Audit Effectiveness (PAE) to enhance the accounting profession's self-regulatory system. The accounting profession maintains a voluntary, self-regulatory system that includes establishing & monitoring compliance with professional standards, disciplining members for improper acts & substandard performance, & conducting oversight of the system. The report: determines the status of the recommendations by the PAE to address limitations of the self-regulatory system; & identifies any gaps in actions taken to implement the Panel's recommend. & their likely impact on overcoming the limitations of the self-regulatory system.