The Treasury Department's Advisory Committee on the Auditing Profession has released a draft report outlining recommendations for improving the profession.
The committee held a four-hour public hearing to discuss the draft report and has opened a month-long public comment period on the report. Among many proposed recommendations, the committee suggested implementing market-driven curricula and content for accounting students that continuously evolve to meet the needs of the auditing profession. The accounting certification examinations should be updated on a regular basis to reflect changes in the profession.
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