Examlex
Which of the following is a point of the Great Moderation consensus?
I. Monetary policy should be the main stabilization policy.
II. The central bank should be independent of political influence.
III. Discretionary fiscal policy should be used sparingly.
Sarbanes-Oxley
U.S. federal law enacted in 2002 aimed at protecting investors from fraudulent accounting activities by corporations, requiring enhanced financial disclosures and audits.
Accounting Fraud
The intentional manipulation of financial statements by individuals inside an organization to deceive stakeholders and gain an unlawful advantage.
Political-Legal Environment
The aspect of the external environment that involves the impact of political decisions and legal regulations on an organization.
Increased Personal Accountability
This term refers to situations or environments where individuals are expected to take greater responsibility for their actions and outcomes, often in professional settings.
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