What is one of the ways that high-profile business failures (such as Enron,WorldCom,and Nortel)have affected the auditing profession?
A)raised the cost of hiring accounting-firm professionals
B)resulted in a need for decreased paperwork on audits
C)lowered the number of professionals working on an audit engagement
D)created increased focus on standards and high-quality audits

Question

Quizplus · Accepted Answer

High-profile business failures have resulted in increased scrutiny on the auditing profession and a need for higher standards and quality in audits. This has led to increased regulation and oversight of auditors, as well as additional training and certification requirements for auditors.

What Is One of the Ways That High-Profile Business Failures