From the options given below find the reason/s to regulate the inefficiency in accounting profession a. Regulation seeks to ensure that accounting services are of the right quality b. All the options c. Regulation is used to mitigate the potential impact of this inefficiency on the society d. Regulation is used to mitigate the potential impact of this inefficiency

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter7: Professional Issues
Section7.5: Fred Stern & Company, Inc. Stern & Company, Inc.(ultramares Corporation V. Touche Et Al.)
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From the options given below find the reason/s to regulate the inefficiency in accounting profession
a.
Regulation seeks to ensure that accounting services are of the right quality
b.
All the options
c.
Regulation is used to mitigate the potential impact of this inefficiency on the society
d.
Regulation is used to mitigate the potential impact of this inefficiency on the economy
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