1. How were the Lehman Brothers doing before their 2008 scandal?

2. What led to the Lehman Brothers' downfall?

3. Was there pressure to misrepresent earnings or financial positions for some reason?

4. Was it a simple case of fraud, or aggressive financial reporting?

5. Was the company in violation of GAAP or simply stretching the rules to misrepresent?

6. Explain the implications for the auditors. Were the auditors explicitly named in the case or infer what the impact was on the auditor in the PCAOB and/or SEC proceedings?

7. Is there any other information that could be useful in describing their situation?

Note: all answers are to do answered about the Lehman Brothers scandal.