As said in an article by timothy fogarty in

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market and doesn’t allow for any wiggle room to companies who are outside of the monopoly. As said in an article by Timothy Fogarty in Accounting Horizons, “auditing or attestation is the only professional service for which CPAs have a legal monopoly and the right to place restrictions on the form of practice. Professional associations are therefore unable to dictate the organizational forms through which non- auditing services, such as tax preparation and consulting, are provided . ” ( The effects of corporate ownership on public accountants' professionalism and ethics.) http://www.allbusiness.com/accounting/methods-standards- generally-accepted-accounting/209332-1.html b. The other side of the argument is that public accounting firms shouldn’t be allowed to sell ownership interested to individuals who aren’t in the public accounting field is that once a CPA firm integrates with a Non- CPA firm how do we know that the same integrity is being upheld when the Non’s are doing the work. How can we stand 100% by our (CPA) word that the work has been done to the same level of integrity and professionalism that CPA’s are held to? It is like walking into a mechanics shop and having there be a hairdresser incorporated into the company, two very different services yet still under the same name. It can be misleading and can allow for information to misconstrue to the clients. c. I personally can understand both sides of the argument and can see why this is a big question, but I would rather go into a CPA firm and know that I am getting the best of the abilities of those working there and that it won't be a job done by someone who isn’t certified but gets it signed off by a CPA. I want to know that when I am asking a CPA firm to do my auditing that I am getting someone who truly cares about the work that they put out and that are held to that high standard of integrity and independence, someone who is more likely not to be influenced when making a
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decision and one who can be trusted to perform the jobs I am specifically asking for. And even if for that one moment, I want to feel like they truly care about the work they are putting out and the people they are doing the work for.
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