The accounting profession may have contributed to the downfall of Enron and the large public losses in

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The accounting profession may have contributed to the downfall of Enron and the large public losses in all of the following ways except:

a. Accounting became very rule-oriented and created a group of auditors that perceived value in finding the limits of the rules.

b. Auditors were hired and fired by management.

c. Audit committees were ineffective.

d. The accounting firm earned more from Enron in nonaudit fees than it earned in audit fees.

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Auditing Concepts For A Changing Environment

ISBN: 9781284249286

5th Edition

Authors: Larry E. Rittenberg, Bradley J. Schwieger

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Question Posted: May 07, 2024 05:00 AM

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The accounting profession may have contributed to the downfall of Enron and the large public losses in

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Auditing Concepts For A Changing Environment

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