THE ACCOUNTING PROFESSION: Status of Panel on Audit Effectiveness Recommendations to Enhance the Self-Regulatory System

Abstract

The accounting profession maintains a voluntary, self-regulatory system through the American Institute of Certified Public Accountants (AICPA) that includes establishing professional standards, monitoring compliance with professional standards, disciplining members for improper acts and substandard performance, and conducting oversight of the system. You expressed concern about the effectiveness of the self-regulatory system and whether the Panel's recommendations would be implemented fully. Specifically, you requested that we (1) determine the status of the Panel's recommendations to address limitations of the self-regulatory system, and (2) identify any gaps in actions taken to implement the Panel's recommendations and their likely impact on overcoming the limitations of the self-regulatory system identified by the Panel.

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Document Details

Document Type
Technical Report
Publication Date
May 01, 2002
Accession Number
ADA402697

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Best Practices
  • Business Administration
  • Commerce
  • Congress
  • Control Systems
  • Employment
  • Governments
  • Human Resources
  • Law
  • Management Personnel
  • Money
  • Personnel Management
  • Quality Control
  • Task Forces
  • Training
  • United States
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Readers

  • Defense Financial Management and Audit.
  • Military Leadership and Professional Education.