explaining how corporate crises/failures in every era lead to improved accounting regulations

Research topic: Corporate crises/failures in every era lead to improved accounting regulations/standards for financial reporting in the subsequent periods. However, it is argued that accounting standard setting has always been a complex political process. Major requirements: i. Undertake a review of literature to develop and present your arguments, with examples, explaining how corporate crises/failures in every era lead to improved accounting regulations/standards for financial reporting in the subsequent periods. ii. Critically evaluate, with appropriate examples, how accounting standard setting in the past came through a complex political process in global context. This assignment will be marked on the basis of your examples, arguments/critical evaluation of the required phenomena, appropriate references as per APA referencing guide and presentation skill with appropriate grammar.