Accounting and Auditing ResearchPreface ix About the Authors xiii 1 Introduction to Applied Professional Research 1 What is Research? 2 Research Questions 3 Nature of Professional Research 5 Critical Thinking and Effective Communication 6 Economic Consequences of Standards Setting 7 Role of Research in the Accounting Firm 7 Skills Needed for the CPA Exam and Practice 9 Overview of the Research Process 11 Step One: Identify the Relevant Facts and Issues 11 Step Two: Collect the