The failure of Enron and WorldCom in the U.S.raised questions about the audit profession and as a result auditing is likely to become less important in society.

Question

Quizplus · Accepted Answer

The failures of Enron and WorldCom highlighted the importance of auditing, leading to increased scrutiny and reforms to enhance the reliability and integrity of financial reporting, making auditing more crucial.

The Failure of Enron and WorldCom in the U