Which of the following is not true regarding professional service firms? The SEC

Question

Which of the following is not true regarding professional service firms? The SEC is in favor of professional service firms expanding their businesses to include consulting services As a result of the corporate bankruptcies and accounting scandals in 2002, professional service firms no longer perform any consulting services Professional service firms generally offer a variety of assurance services, including providing assurance over AISs In the early 2000's, many large professional service firms sold off the majority of their consulting practices Which of the following is not true regarding professional service firms? Which of the following is not true regarding professional service firms? The SEC is in favor of professional service firms expanding their businesses to include consulting services As a result of the corporate bankruptcies and accounting scandals in 2002, professional service firms no longer perform any consulting services Professional service firms generally offer a variety of assurance services, including providing assurance over AISs In the early 2000's, many large professional service firms sold off the majority of their consulting practices The SEC is in favor of professional service firms expanding their businesses to include consulting services As a result of the corporate bankruptcies and accounting scandals in 2002, professional service firms no longer perform any consulting services Professional service firms generally offer a variety of assurance services, including providing assurance over AISs In the early 2000's, many large professional service firms sold off the majority of their consulting practices

Explanation / Answer

The SEC is in favor of professional service firms expanding their businesses to include consulting services

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