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Why Did Accounting Firms Cease to Be Truly Independent and Objective

Question 102

Multiple Choice

Why did accounting firms cease to be truly independent and objective during the 1990s and the early part of the 21st century?


A) because they sat on the same board of directors as the firms they audited
B) because they also consulted for the same firms they audited
C) because they played golf with the heads of the firms that they audited
D) because they had money invested in the company they audited

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