Which of the following statements are true? Select one: a. The role of the accountants is changing, due to changes in economic activities, societal expectations and developments in technology. b. Accounting is not a precise uncontested technical exercise. C. Financial accounting is principles based and the application of appropriate accounting and reporting requires professional judgement. d. All of the above. The corporate collapse in 2001-2002 in the United States: Select one a. Increased the emphasis on rules-based standards b. Increased the emphasis on principles-based standards c. Had no effect on whether standards were rule-based or principles-based d. Led to a reduction in the number of standards issued because of a perception of "standards overload