Reference no: EM133164736

Question - For the scandal please answer the following questions:

1. Describe the company, the nature of scandal and how it was impacted and what were the ultimate consequences? In your response specify the exact nature of the accounting issues and provide evidence to support your conclusions.

2. What role did the auditor, regulator or other authority play in the scandal? What actions did they take or what did they fail to do?

3. Looking at the arguments presented by Ball and Sorensen and Miller critically examine whether regulation is an effective tool to avoid accounting scandals? What other measures do you propose to reduce the incidence of accounting related scandals.

4. What is your view that global companies are ungovernable and that regardless what actions are taken at a national level? What alternatives do you think policymakers in government have to avoid the societal costs that come from these corporate collapses?