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8. Which of the following provisions is not included in the European Union 8th Directive?
Group of answer choices
cooperation with oversight bodies outside the EU regulatory infrastructure
ethics and duties requirement for statutory auditors
whistle-blower protection
none of the options given
public oversight of the accounting profession
12. When does the so-called agency problem occur in capitalist economics?
Group of answer choices
When altruism instead of self-interest dominates human behavior.
When incentives exist that connect the agents self-interest with the self-interest of the principal.
When agents who are supposed to act for the well-being of the principals instead act for their own self-interest.
When the motivation to act on the principals behalf goes back to the agents own self-interest.
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