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Hard cheese and humble pie

In the corporate world, when it comes to the subject of financial transparency and regulatory effectiveness, the US has long maintained a superior attitude over other nations. But the revelations of financial chicanery unearthed by the events of 2002 delivered a dose of humble pie to those who had been touting the US system as the one to adopt, and a lump of hard cheese to investors who had relied upon rigorous filing requirements and a proliferation of accounting r

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