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What caused stricter financial reporting standards?

In: Business Plans, Business Accounting and Bookkeeping, Financial Statements [Edit categories]

Answer:

The impetus for stricter financial reporting was provided by the collapse of the securities market in 1929 and the revelation of massive fraud in a company listed on the New York Stock Exchange (NYSE).

First answer by Enc of Biz and Finance. Last edit by Enc of Biz and Finance. Contributor trust: 24 [recommend contributor ]. Question popularity: 1 [recommend question].

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