AC 502 help A Guide to career/Snaptutorial AC 502 help A Guide to career/Snaptutorial | Page 5

In the first part of the course project, you were asked to evaluate
current levels of regulation from a perspective of efficiency. In this
second part of the course project, you are going to evaluate current
levels of regulation from the perspective of accountant responsibility.
There are four major parts to this paper:
1) Begin with an introduction to accountant responsibility.
Accountants have a responsibility to three major parties: their clients,
third parties, and the government. Discuss these three parties in detail,
and outline the various responsibilities that the accountant has to each.
2) Search the Internet (www.sec.gov is a great resource) for actions
that have been brought against accountants or accounting firms.
Select an action/claim that relates to each of the three parties
discussed in part 1 of the paper, and summarize the details. For each
of the three actions/claims, identify which act or law was broken by
the accountant and how.
3) As discussed in this unit, there is a limited accounting-client
privilege. Currently, this privilege applies only to civil cases brought