Which of these is not generally regarded as a reason for the recent spate of dubious accounting practices by large companies?
A) Lack of accounting standards.
B) Pressure on managers to meet investors' unrealistic expectations for continually rising profits.
C) Greed by executives.
D) Too rapid growth financed by borrowing which leads to a liquidity crisis.

Question

Quizplus · Accepted Answer

Lack of accounting standards is not a reason for dubious accounting practices because there are numerous accounting standards in place (such as GAAP and IFRS) that companies are required to follow. The issue often lies not in the absence of standards but in the manipulation or misinterpretation of these standards to meet certain objectives.

Which of These Is Not Generally Regarded as a Reason