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

Question

Quizplus · Accepted Answer

Most countries, especially those with significant financial markets, have established accounting standards (such as GAAP in the United States or IFRS internationally). The issue is not typically the lack of standards but rather the manipulation or misinterpretation of these standards, alongside other factors like executive greed, pressure to meet expectations, and unsustainable growth models.

Which of These Is Not Generally Regarded as a Reason