Review the "Ethics in Action" scenario in Chapter 46 of your text. Write a paper of not more than 1,050 words in which you answer the following questions: Do you think that the creation and work of the Public Company Accounting Oversight Board (PCAOB) has resulted in greater independence of auditors of public companies? If auditing of financial statements is required primarily for the protection of public investors, should not all PCAOB members be taken from the investment community that uses audited financial statements? What regulatory compliance requirements apply to various business situations? Cite at least 5 peer-reviewed references. Format your paper consistent with APA guidelines.

Regulatory and Compliance Issues Regulatory and Compliance Issues Introduction Reviewing the...