1. The Commercialism versus Professionalism case raises issues about:
The future of the accounting profession
Low-ball bidding for audit services
Pressures to compromise ethical values that exist in alternative practice structures
Opinion shopping
2. The International Federation of Accountants (IFAC) research report, Rebuilding Public Confidence in Financial Reporting: An International Perspective, has as its goal which of the following?
Develop guidelines for auditors to express professional judgment.
Examine ways of restoring the credibility of financial reporting and corporate disclosure from an international. perspective.
Establishing a global code of conduct corporate disclosure from an international perspective.
Creating an international CPA certificate.