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The Unique, Arcane Accounting Rules Causing Postal Service’S Massive Losses

The authorized requirements for a publicly traded company when it comes to financial reporting are, not surprisingly, much more rigorous than for privately held corporations. And they turned even more rigorous in 2002 with the passage of the Sarbanes-Oxley Act. This legislation was handed in the wake of the gorgeous chapter filing in 2001 by Enron, and subsequent revelations about fraudulent accounting practices throughout the company. Enron was only the primary in a string of excessive-profile bankruptcies.

Starting his apply in Calicut in 1897, he shifted to Bombay in 1900. Shri Aiyar later transformed that Institution into College of Commerce in 1900, which geared toward making ready students for the London Chamber of Commerce examinations...

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