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In the early 2000s, many news stories reviewed the questionable accounting practices and financial collapses of major corporations, such as Enron, Worldcom, and other companies.

In the early 2000s, many news stories reviewed the questionable accounting practices and financial collapses of major corporations, such as Enron, Worldcom, and other companies. Do you think accounting rules can be developed and applied in a way that would prevent corporate failures?

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