A standard interview question seems to be along these lines, does anyone have an idea of a good reply?
People generally go for the SOX act answer. Its worth it, but its regular and to an extent becoming outdated with it being established in 2002. I generally went for the recession example, and how firms are increasingly trying to become cost efficient in all areas and in some cases, turning to the cheaper services of local auditors rather than one of the big four. Hope this helps!