The corporate collapses of the early 2000s and those that occurred during the Global Financial Crisis had some important common themes that we must understand if, as professionals, we are to assist in preventing their recurrence.

Which one of the following is not a common theme of the corporate collapses?

a. They demonstrated a willingess of corporations to engage in risks that were not fully understood.

b. they were the result of directos abusing their trust.

c. They had a negative ipact on the crediility of the accounting profession

d. the collapses were not associated with incentive payments and greeds.