A March 8, 2004, article in The Wall Street Journal discusses the underlying cause of accounting scandals

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A March 8, 2004, article in The Wall Street Journal discusses the underlying cause of accounting scandals and offers a suggestion for improved reporting. * You can access the article online.

Required:

Read the brief article and answer the following questions:

1. What did the author suggest as the root cause of accounting scandals?

2. What are the uncertainties referred to in the article and why does the author believe these are problems in current financial reporting?

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780070001497

4th Canadian Edition

Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby

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