1 - These rules deal with advertising and commissions, respectively. Do you think rules regarding advertising are too strict? Why do you think few CPAs advertise in the media, compared to attorneys, for example? Are rules regarding commissions too rest

1-      1 - These rules deal with advertising and commissions, respectively.  Do you think rules regarding advertising are too strict?  Why do you think few CPAs advertise in the media, compared to attorneys, for example?  Are rules regarding commissions too restrictive for accountants?

2-      2- After reading through the chapter, do you think the standard report conveys the message that GAAS is trying to communicate?  Are the auditors' responsibilities clear?  How?  What do you think about all the additions and explanations that can accompany the standard report?  Can they be confusing to the users?  Are users better served by not adding anything to the unqualified report and, instead, GAAS should allow the auditor to note any exceptions as part of a qualified report?

3-      3- What do you think about the way auditors convey going concern doubt to the users?  Is it appropriate?  When should they make such a report?  Do you think users understand that this is an unqualified opinion with an explanation?  If not, how do they interpret it?  What are the consequences to the company of such a report?  What about the auditor?

4-      4- Independence is the most important aspect of an audit.  SOX makes it illegal for the same audit firm to provide consulting and audit services to the client.  Do you think this action improved independence perception?  Some users argue that auditors can never be regarded as independent anyway since they receive a fee (especially if it is significant) from the client.  Do you agree or disagree, and why?