scandals caused by deregulation, failed market procedures, lax auditing oversight, and frankly, a lack of ethics, resulted in the systemic financial failure that shook every aspect of the American economic system. A series of complex and contentious cases of fraud, embezzlement, inadequate oversight of accountants, lack of auditor independence, weak corporate governance procedures, stock analysts' conflict of interests, and inadequate disclosure provisions paved the way for new legislation and ultimately…
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