Explain briefly the Short Memory Syndrome



(TCOs 2, 3, and 9) Explain briefly the Short Memory Syndrome. (Points : 10) Question 2.2. (TCOs 6, 7, and 8) In TCO 8 we learned about establishing whistle-blower hotlines under the Dodd-Frank Act and some “hotline basics.” Describe a basic rule applicable to an effective whistle-blower hotline. (Points : 10) Question 3. 3. (TCOs 4 and 5) According to our reading materials, when the American Institute of Certified Public Accountants’ Statement on Accounting Standards 99 (SAS 99) was promulgated, “the accounting industry may have finally gotten it right.” Explain briefly the guidance that SAS 99 provides auditors. (Points : 10)

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