Nortel Networks Inc., the former telecommunications giant, was accused of misstating its financial statements. The auditors for

Question:

Nortel Networks Inc., the former telecommunications giant, was accused of misstating its The auditors for the company signed audit reports in which they stated that the of the company were fairly presented.
Instructions
How is it possible that a company can misrepresent its and still receive a “clean” audit opinion from its auditors? Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...