Which of the Following Led to Tighter Standards for Accounting

question 5

Multiple Choice

Which of the following led to tighter standards for accounting practices, particularly in banking, and demanded more transparency and reporting?

• A) the global financial crisis of 2009
• B) the popularity of net-banking
• C) the great depression
• D) increasing rates of e-commerce frauds

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Definitions:

Threat

Anything that poses a potential danger to the safety, security, or well-being of individuals or organizations.

Command

An authoritative order or instruction.

Manageable Question

A query that is sufficiently specific and well-defined to be answerable within given constraints or resources.

Open-ended Question

A type of question that cannot be answered with a simple 'yes' or 'no' response, encouraging elaborate and detailed answers.