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The SEC Case Against Pfizer Case Deals with the Issue

Question 72

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The SEC case against Pfizer case deals with the issue of improper payments, including hospitality and travel expense, made to doctors and health-care professionals in other countries, and illustrates the importance of an effective system of internal controls, strong corporate governance, and tone at the top. Describe the facts of the case and evaluate the effect on accountants and auditors on disclosing illegal acts and evaluating internal controls.

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The SEC case against Pfizer involved all...

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