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Vitek1552 [10]
3 years ago
13

After the scandals at WorldCom, Tyco, Adelphia, and Enron, in which company employees lost millions of dollars and their nest eg

gs, U.S. companies showed less concern for corporate governance and more interest in the development of corporate social responsibility. True/False
History
1 answer:
anygoal [31]3 years ago
5 0

Answer:

False

Explanation:

The Enron scandal in early 2001 forever changed the face of business. In July 2002 the U.S. Congress enacted the Public Company Accounting Reform and Investor Protection Act, also known as Sarbanes Oxley (SO).

SO required corporate leaders to personally certify the accuracy of their company’s financials.  It also established a variety of requirements which govern auditing and accounting firms. Some of the requirements include auditor reporting duties and restrictions which prohibits auditing firms from providing non-audit related services to companies which they audit.

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Name and explain two of the reasons the congressional committee identified for the recent financial crisis?
blagie [28]
The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.

A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.

In 2011, the committee released their findings and pointed out the two major reasons for the crisis:

1. The basic reason for the crises as the Collapse of the housing market.

2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.

The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.

8 0
3 years ago
Write two reasons disguise was used in elizabeth’s theatre? write in full sentences HELP ME PLEASE
gogolik [260]

Answer:

This plot device allows Shakespeare to explore gender roles as with Portia in The Merchant of Venice who, when dressed as a man, is able to solve the problem of Shylock and demonstrate that she is just as bright as the male characters.Shakespeare regularly uses this convention in order to afford the female character more freedom in a restrictive society for women. The female character dressed as a man can move more freely, speak more freely and use their wit and intelligence to overcome problems.

Explanation:

7 0
3 years ago
What the cause of The Ming dynasty weakened over time.
xz_007 [3.2K]

Answer:

Fall of the Ming Dynasty. The fall of the Ming dynasty was caused by a combination of factors, including an economic disaster due to lack of silver, a series of natural disasters, peasant uprisings, and finally attacks by the Manchu people.

Explanation:

5 0
3 years ago
Read 2 more answers
All these were part of president Washington’s cabinet except the
olga_2 [115]

Answer:

The answer is not one of these, so it has to be the last one.

Department of War.

Department of State.

Treasury Department.

7 0
3 years ago
Why do some historians call slave religion the invisible institution?
anzhelika [568]

Answer:

"Regular Sunday worship in the local church was paralleled by illicit, or at least informal, prayer meetings on weeknights in the slave cabins. Preachers licensed by the church and hired by the master were supplemented by slave preachers licensed only by the spirit. Texts from the Bible, which most slaves could not read, were explicated by verses from the spirituals. Slaves forbidden by masters to attend church or, in some cases, even to pray, risked floggings to attend secret gatherings to worship God."

i hope this helps!

7 0
3 years ago
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