When Enron imploded in 2001, America responded quickly and vigorously to a huge fraud. Politicians used the Enron affair as a wake-up call for American businesses. Tough new rules were introduced, no-tably the Sarbanes-Oxley act Managers were told to sharpen up their standards. One of the world's biggest accounting firms disappeared, its reputation shattered by the actions of a few employees. Briefly, the integrity of the entire capitalist system seemed under threat.
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