Some people believe that the audit industry is out of touch, Accounting Basics

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Some people believe that the audit industry is out of touch

Some people believe that the audit industry is out of touch with the realities of business. They believe that some accounting standards are not suited for modern times. Have financial statements become a game of matching earnings forecasts set by financial analysts? Are these statements too cynical?

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Accounting Basics: Some people believe that the audit industry is out of touch

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