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. Paying Payroll Service (PPS) recently declined an opportunity to utilize an outside accounting firm....

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Accounting

. Paying Payroll Service (PPS) recently declined an opportunity to utilize an outside accounting firm. The outside firm accounting firm would have greatly reduced expenses for PPS, but would have resulted in significant staff reductions including the elimination of some senior accounting managers. We would most likely describe this situation as A. an appropriate use of generally accepted accounting principles. B. an appropriate use of corporate tax laws. C. an agency problem. D. a violation of the Sarbanes-Oxley Act. E. a proxy problem.

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