Upon completion of the audit of Burrow Enterprises, the audit firm has recently completed its audit report which has been released, along with the financiel statements, to the public. In the last few days, the auditors have learned that due to a new competing product coming out in the marketplace, the value of the client's inventory may be significantly less. As a result of this finding, what might the auditors need to do$?$ a$)$ The auditors may need to consider extending further audit procedures in this area, attempting to evaluate the value of the client's inventory accounts b$)$ Companies routinely employ audit firms to audit their financial statements, as it helps to increase investor confidence if an indenpendent third party has scrutinized the firm's financial statements and confirmed that they are accuarate and not misleading c$)$ All companies, whether public or private are required by the Securities and Exchange Commission to have their financial statements and associated disclosures audited once a year. This helps decrease the enforcement efforst that the commission has to make d$)$ None of these answer choices are correct