Question

What caused the U.S. Congress, the OECD, the International Federation of Accountants, and other organizations to enact stricter rules on corporate governance in recent years?

A. Sudden increase in world trade
B. High-profile corporate scandals
C. Significant decline in world trade
D. Expansion of the European Union membership

Answer 1

Answer: The correct answer is "B. High-profile corporate scandals".

Explanation: High-profile corporate scandals caused the U.S Congress, the OECD, the International Federation of Accountants, and other organizations to enact stricter rules on corporate governance in recent years.