1. Describe the inadequacies in the corporate governance system at Halliburton. 2. Consider the role of KPMG in the case with respect to the accounting and auditing issues. How did the firm's actions relate to the ethical and professional expectations for CPAs by the accounting profession? 3. The Halliburton case took place before the Dodd-Frank. Financial Reform Act was adopted by Congress. Asstime Dodd-Frank had been in effect and Menendez decided to inform the SEC under Dodd-Frank rather than SOX because it had been more than 180 days since the accounting violation had occurred, Given the facts of the case would Menendez have qualified for whistleblower protection? Explain. 4. Some critics claim that while Menendez's actions may have been courageous, he harmed others along the way: His family was in limbo for many years and had to deal with the agony of being labeled a whistleblower and disloyal to Halliburton. The company's overall revente did not change: a small amomt was merely shifted to an earlier period. Halliburton didn't steal any money, cheat the IRS, or cheat their customers or their enployees. In fact, it lessened its eash flows by paying out toxes earlier than it should have under the rules