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1. Is there anything unique about L&H that made the company prone to engage in fraudulent accounting practices? 2. Which were the questionable business (accounting)
1. Is there anything unique about L&H that made the company prone to engage in fraudulent accounting practices? 2. Which were the questionable business (accounting) practices that L&H engaged in? Classify each practice as acceptable, unethical, or fraudulent. Are such practices smart? Are they legal? 3. What could have been done to prevent the fraudulent behaviors from taking place at L&H (or to prevent similar scandals from taking place at other companies in the future)?
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