Below provided are several pertinent articles on the GE's case. Students are encouraged to seek information beyond the given literature. GE (US) What happened Founded in 1892 through a merger with one of the companies formed to support Thomas Edison's lighting experiments, General Electric is an American colossus. However, at the beginning of 2018 it was announced that the Securities and Exchange Commission (SEC) was investigating its "aggressive accounting" practices, a probe that widened throughout the course of the year when in October 2018 its $22 billion non-cash charge related to acquisitions came under scrutiny, with the Department of Justice also launching an investigation. In June it was removed from the Dow Jones Industrial Average, the only member left of the original 1896 index and in John L Flannery stepped down as Chairman and CEO. GE's market value fell by more than $200 billion over two years. When it happened January 2018 onwards What it means for the industry It was another unwelcome return to the limelight for KPMG, GE's auditor for over a century. The relationship between the two companies was described as "too cozy" - emblematic of the concerns highlighted in the CMA report about choosing accountants with whom a company has "chemistry". It will surely strengthen calls for auditors outside the Big Four to play a greater role. Upon reading the various articles presented on the GE's reporting irregularities prepare a written case based on the guideline provided below: 1. Critically discuss the various costs that GE had to face owing to the said irregularities. Your discussion should comprehensively address the visible costs, internal administrative costs as well as intangible costs the firm had to face. 2. Critically discuss the reason that prompted or encouraged such misconduct to occur in a well-established and reputable multinational company like GE. 3. Analyse the performance of GE from the year 2017 to the year 2020. Do you think that there are other reasons beyond the misconduct that may have affected their performance? 4. Critically discuss the role of auditors in the said fiasco 5. Examined the incorporation of triple bottom line framework by GE. Assess its implementation and discuss its outcome. Do you think that incorporation of the triple bottom line framework can mitigate or eliminate such misconduct in the company?