Question: A March 8, 2004, article in The Wall Street Journal discusses the underlying cause of accounting scandals and offers a suggestion for improved reporting.* You

A March 8, 2004, article in The Wall Street Journal discusses the underlying cause of accounting scandals and offers a suggestion for improved reporting.* You can access the article on the Libby/Libby/Short website at www.mhhe.com/libby6e.
*Alfred Rappaport, "Shareholder Scoreboard (A Special Report): The Best & Worst Performers of the WSJ 1000-Beyond Quarterly Earnings: How to Improve Financial Reporting," The Wall Street Journal, March 8, 2004.

Required:
Read the brief article and answer the following questions:
1. What did the author suggest as the root cause of accounting scandals?
2. What are the uncertainties referred to in the article and why does the author believe these are problems in current financial reporting?

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