"Why did the ""crisis of credibility"" in the accounting profession occur after the Enron and...
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"Why did the crisis of credibility"" in the accounting profession occur after the Enron and WorldCom scandals?" None of these. Auditors gave unqualified opinions on misstated financial statements. The public expected auditors to prevent corporate fraud. Public trust in financial statements was undermined due to largescale frauds. Auditors were unable to detect accounting irregularities.
"Why did the crisis of credibility"" in the accounting profession occur after the Enron and WorldCom scandals?"
None of these.
Auditors gave unqualified opinions on misstated financial statements.
The public expected auditors to prevent corporate fraud.
Public trust in financial statements was undermined due to largescale frauds.
Auditors were unable to detect accounting irregularities.
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