You do realise a lot of safeguards have been implemented since the GFC?13 June 2022 — Safeguarding Growth and Stability in a Complex World. Keynote speech by FSB Chair Klaas Knot at the second annual ASEAN+3 Economic ...
As well as the ENRON
Following Enron, in 2002, the US Congress passed the Sarbanes-Oxley (SOX) Act to help protect investors from fraudulent financial reporting. Today, independent oversight of the financial statement audit and the financial reporting process is seen as the cornerstone of the modern financial reporting system.
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