Multiple Choice
Several large frauds occurred in 2001 and 2002. Which of the following was NOT a consequence of these frauds?
A) Arthur Anderson, LLP was convicted of fraud but was allowed to stay in business.
B) There were adverse market reactions throughout the world.
C) Thousands of jobs were lost when Enron and WorldCom went out of business.
D) There was a loss of confidence in the financial reporting system.
Correct Answer:
Verified
Correct Answer:
Verified
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