1. Is accounting a trustworthy profession? How would you know whether it is or is not?2. Read (15) ZZZZ Best and 17 Closing the GapDescribe the procedures Arthur Young partners Larry Gray performed to verify the existence of ZZZ Best’s restoration projects. Were these audit procedures sufficient?Accounting tot he SEC, what errors did auditor George Greenspan make in auditing ZZZZ Best’s April 30, 1986 financial statements?The importance of weighing public reliance on audited financial statements and the auditor’s responsibility for those materially correct statements is often disputed. Make an argument for each of the following viewpoints: auditors, management and public. After seeing the issues from three sides, what responsibility do you think the auditors should hold in regards to financial statements they audit?
