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Answer the required lalu business risks that Newskin likely will face as a start-up biotech b. Choose two of these risks and consider how they

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lalu business risks that Newskin likely will face as a start-up biotech b. Choose two of these risks and consider how they might affect your decision to accept Newskin as a client. DISCUSSION CASE LO 4-4, 4-5 4-33 Koss Corporation: How $34 Million Disappeared. Koss Corporation is a prub- licly traded company that designs and sells stereo headphones. The Koss family controls a majority of the Company's stock. On November 17.2010, Sujata "Sue Sachdeva, the former Vice-President of Finance was sentenced p to 11 years in for embezzling $34 million from the Company. Her attorney claimed that she was a shopaholic. From 1992 to 2009, Sachdeva was the Principal Accounting officer, Secretary, and Vice-President of Finance at Koss. As a result of the embezzlement, Koss Corporation was required to restate its financial statements for 2008.2009, and the first quarter of 2010. Sachdeva used the embezzled funds to sustain a lavish lifestyle including pur- chasing a vacation ownership interest in Hawaii, a Mercedes Benz, and other auto- mobiles. She also used the proceeds to pay for luxury travel and numerous personal items, including luxury clothing, furs, designer jewelry, and art. One neighbor shoes

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