In September and October 2008, financial markets around the world suffered a severe crash as Multiple Choice all publicly traded firms only used the services of auditors affiliated with the Public Company Accounting Oversight Board. there was aggressive lending to subprime borrowers in a deregulated environment. the assets of American overseas companies were seized by the Federal Sentencing Guidelines for Organizations. the Public Company Accounting Oversight Board (PCAOB) was disbanded, allowing auditors to work unregulated