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1111/j.1475-679X.00325.x Journal of Accounting Research Vol. 47 No. 2 May 2009 Printed in U. Market and Political/Regulatory Perspectives on the...

6.In his 2009 paper titled “Market and Political/Regulatory Perspective on Recent Accounting Scandals”, Ray Ball discusses accounting scandals in 2001 and 2002. Provide a summary of the market consequences of misreporting and the auditors’ conflicts of interests as explained in the article.

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