$1.$

The main concept of a conflict of interest is the it is "undisclosed," meaning at least one of the parties involved has no knowledge of the conflict of interest. While this being undisclosed requirement makes sense, what do you think about a situation where the alleged conflict of interest is disclosed? Do you think that it could still adversely affect the transaction? Why or why not?

$2.$

What do you think can be done internally in a company to limit financial statement fraud? Externally, there's Sarbanes$-$Oxley and government oversight to try and identify and pun financial statement fraud, but what do you think can be done inside a company to prevent it from happening in the first place?