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    • Wednesday, 3 October, 2018
      Accountancy
      Do not blame accounting rules for the financial crisis

      Current standards are designed to reflect economic reality as closely as possible

      HALIFAX, UNITED KINGDOM - OCTOBER 13: A general view of the headquarters of Halifax Bank of Scotland (HBOS) on October 13, 2008 in Halifax, England. Leader of the Conservative party David Cameron had earlier met staff and management after the British government today announced that it would inject GBP 37billion into RBS, HBOS and Lloyds TSB to stabilise the banking sector (Photo by Christopher Furlong/Getty Images)
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