A common factor identified as an issue in both the HIH and Enron collapses was:
A. Deficiencies in the audit process
B. Over reliance on complex financial instruments
C. Lack of board independence
D. None of the above
Answer:A
A common factor identified as an issue in both the HIH and Enron collapses was:
A. Deficiencies in the audit process B. Over reliance on complex financial instruments C. Lack of board independence D. None of the above