The failure of many auditing firms to raise red flags about accounting irregularities in companies such as Enron and WorldCom is generally attributed to all of the following factors, except
A. the desire to get consulting work from the company because most audit firms also do consulting work.
B. the failure of U.S. audit firms to follow internationally accepted accounting standards.
C. the fact that auditors are appointed by the firm.
D. the desire to get future auditing contracts from the company.
Answer: B
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