Explain How the Wall Street Reform and Consumer Protection Act

question 278

Essay

Explain how the Wall Street Reform and Consumer Protection Act of 2010 addressed the problems that led to the 2008 financial crisis.

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Definitions:

Accountant Liability

Legal responsibility of an accountant for any negligent or fraudulent accounting practices resulting in financial loss.

Intended Receivers

Individuals or entities that are the specific target or recipients of a particular message, information, or benefit.

Opinion Letter

A letter expressing a legal assessment or judgment from a lawyer to his or her client, often concerning the legality and details of a transaction.

Completed Audit

A comprehensive examination and verification of an organization's financial and operational systems, which has been fully carried out.