Why Has It Been Argued That Accounting Professional Bodies Have

Multiple Choice

Why has it been argued that accounting professional bodies have not been more active in addressing the deficiencies in audit standards?

A) They do not see the promulgation and enforcement of standards as their role.
B) They believe the auditing standards are appropriate and do not need to change.
C) Introducing rigorous standards may add to the potential liability of their members.
D) All of the above.