In What Way Does the Regulation of Public Accountants in Canada

Multiple Choice

In what way does the regulation of public accountants in Canada help to reduce information risk for investors?

A) By guaranteeing the accuracy of the financial statements.
B) By establishing performance and quality control standards that all public accounting firms must follow when conducting audits.
C) By acting as a source of financial compensation for investors when corporate failures occur.
D) By requiring auditors to quantify and set information risk to a uniformly acceptable level.