Use the fact situation in Q1 to answer the related question that follows.
Based on the Enron situation,a question arises as to how inflated financial reporting occurs.To better understand this,consider that large public corporations retain top-tier accounting firms who are well aware of established standards for proper completion of financial statements and reports.If this is the case,and the accountants for such corporations inflate financial statements and reports,should not these accountants also be held liable for misleading the public?

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The Answer of Use the fact situation in Q1 to answer the related question that follows.
Based on the Enron situation,a question arises as to how inflated financial reporting occurs.To better understand this,consider that large public corporations retain top-tier accounting firms who are well aware of established standards for proper completion of financial statements and reports.If this is the case,and the accountants for such corporations inflate financial statements and reports,should not these accountants also be held liable for misleading the public?

Use the Fact Situation in Q1 to Answer the Related