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

Multiple Choice

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