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Week 1 eActivity

  •  Visit the website for the American Institute of Certified Public Accountants (AICPA)and review the qualifications for becoming a CPA under Licensure. Be prepared to discuss.
  • From the e-Activity, evaluate the gaps between the educational requirements and the expectations for independence and ethical considerations, providing a recommendation for how these gaps may be closed. Explain whether the educational requirements address the standards imposed by Sarbanes-Oxley (SOX). Justify your answer.
  • Evaluate the impact of SOX on the education and training requirements to become a CPA who provides audit and advisory services, indicating whether these additional qualifications provide adequate assurance to prospective investors that were anticipated by the SOX regulations. Justify your answer.