The accounting firm, Arthur Andersen, held a historical spot in financial communication because:

A$.$

It used to be the firm that sets the standards in the profession of accounting.

B$.$

The firm was associated with one of its largest clients, Enron's overstated earnings.

C$.$

The Andersen$/$Enron scandal resulted in the enactment of Sarbanes$-$Oxley Act in $2002.$

D$.$

All of the above

E$.$

A and B