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What role did the Accounting profession play in the recent s

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What role did the accounting profession play in the recent sub prime mortgage crisis? What could they have done differently?

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This solution provides a detailed explanation of the given question regarding accountants' role in the sub-prime mortgage crisis.

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What role did the Accounting profession play in the recent sub prime mortgage crisis? What could they have done differently?

The biggest point with this question is that these mortgage companies and banks, being public companies, were being audited during their routine audits by their respective accounting firms. The problem is that when the ...

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