Question

The birth of modern accounting and auditing occurred during the ______ revolution, when companies became larger and needed to raise capital to finance expansion.

Answer 1

Answer:

Industrial

Explanation:

The Industrial Revolution was a period of major industrialization and innovation that first took place in Great Britain and later spread throughout the world.

The first ( Great Britain) and second (American industrial revolution) industrial revolution have a direct impact in the birth of modern accounting and auditing profession as a result of the needs for accounting specialist.