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What do you think were the reasons for the fraud

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Reference no: EM133186770

Question - Using appropriate sources, conduct research on two major corporate scandals with threatened and/or actual legal action against the external auditors.

2011 Sino-Forest Corp.

2020 Wirecard AG

1. Investigate in depth and discuss the circumstances under which each scandal was exposed.

1. What do you think were the reasons for the fraud?

2. How did the executives commit fraud? Be specific on financial items that are materially misstated.

3. How was the scandal discovered?

4. Were the external auditors blameworthy in this case?

5. Is there any evidence of poor-quality auditing? Any fines or penalties imposed?

As we are seeing so many corporate scandals, provide at least two suggestions on how to improve the current market and institutional oversight for publicly listed firms.

Reference no: EM133186770

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