One of the lessons learned from accounting scandals such as Enron's is that generally accepted accounting principles (now under an acceptable financial reporting framework)cannot be relied upon exclusively in deciding whether financial statements are fairly presented.Why is this the case?

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The Answer of One of the lessons learned from accounting scandals such as Enron's is that generally accepted accounting principles (now under an acceptable financial reporting framework)cannot be relied upon exclusively in deciding whether financial statements are fairly presented.Why is this the case?

One of the Lessons Learned from Accounting Scandals Such as Enron's