Why has the reputation of U.S. accounting standards decreased in recent years?

Why has the reputation of U.S. accounting standards decreased in recent years?

A) The U.S. deficit is at a record high.

B) Many U.S. businesses have declared bankruptcy.

C) There have been some notable American accounting scandals, such as Enron.

D) Lengthy prison sentences have been given to unethical American executives, such as Bernie Madoff.

Answer:  C