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One of the major purposes of SEC regulation, FASB, GAAP, and the attest (public company audit) business is to represent financial situations fairly. With all

One of the major purposes of SEC regulation, FASB, GAAP, and the attest (public company audit) business is to represent financial situations "fairly". With all this regulation and mandated reporting, WHAT HAPPENED SINCE 2007?

Have we seen echoes of the Shenanigans cases in more recent horror stories?

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