Which one of the following statements about Wave of scandals of the later 1980s is incorrect?

A. The frequency of financial scandals significantly increased in the 1970s.

B. Around this time, market and regulatory changes opened up new avenues for accounting fraud, which the wave of scandals in the late 1980sof which Polly Peck was a prime examplemade excellent use of.

C. There were initiatives to enhance accounting standards and corporate governance in the wake of the Polly Peck incident and other late 1980s scandals.

D. Greenbury Report (1995) outcome