What is the regulatory conundrum? a. Regulators are never satisfied with the performance of regulated firms. b. Audit firms will never accept regulators second-guessing their work. c. When a regulator finds a lot of issues over an extended period of time they are perceived as unsuccessful in improving the regulated entities' performance. When they find fewer and fewer issues over an extended period of time they are perceived as unnecessary. d. No one likes when auditors become too much like regulators