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Unformatted text preview: retirement b.ii. Accounting firms cannot be both auditor and consultant b) General Public a. c) Transparency a. WorldCom a.i. Filing for Chapter 11 Bankruptcy a.i.1. “Chapter 11 ensures that firms can demonstrate their future viability [and] can sort out their financial affairs while remaining effective competitors in the market”. a.i.2. “Section 525 of Bankruptcy Code…prohibits discrimination against entities because they are, or have been, a debtor in bankruptcy.” a.i.3. Only those in charge are penalized/jailed...
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This note was uploaded on 03/12/2012 for the course ACCT 211 taught by Professor Kamlet during the Spring '08 term at Binghamton University.
- Spring '08