practices
by auditors and accounting firms cost many Americans their jobs and many more lost their retirements
and life savings. Atrocious accounting scandals caused by deregulation, failed market procedures, lax
auditing oversight, and frankly, a lack of ethics, resulted in the systemic financial failure that shook every
aspect of the American economic system. A series of complex and contentious cases of fraud,
embezzlement, inadequate oversight of accountants, lack of auditor independence, weak corporate…
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