I need help with this questions. See the "Lehman Brothers Holdings, Inc." case for this question.See the "Lehman Brothers Holdings, Inc." case for this question.

$1.$ When Lehman was developing its Repo $105$ accounting policy, did E&Y have a responsibility to be involved in that process? In general, what role should an audit firm have when a client develops an important new accounting policy? Comment on an audit firm$$s responsibilities during and following that process.

$2.$ Do you agree with the assertion that $$intent doesn$$t matter$$ when applying accounting rules? That is$,$ should reporting entities be allowed to apply accounting rules or approved exceptions to accounting rules for the express purpose of intentionally embellishing their financial statements or related financial data? Defend your answer.

$3.$ Do auditors have a responsibility to determine whether important transactions of a client are $$accounting$-$motivated$?$ Defend your answer.

$4.$William Schlich implied that E&Y$$s British affiliate had the responsibility for reviewing the legal opinion issued by a British law firm regarding the treatment of Repo $105$s as sales of securities$.$ Do you believe that Schlich or one of his subordinates should have reviewed that letter? Why or why not? In general, how should the responsibility for different facets of a multinational audit be allocated between or among the individual practice offices involved in the engagement?

$5.$ Lehman$$s net leverage ratio was not reported within the company$$s audited financial statements but rather in the company$$s financial highlights table and MD&A section of its annual report. What responsibility, if any, do auditors have to assess the material accuracy of financial data included in those two sections of a client$$s annual report?

$6.$ The Repo $105$ transactions reduced Lehman$$s net leverage ratio from $17\mathrm{.}8$ to $16\mathrm{.}1$ at the end of fiscal $2007.$ Do you believe that was a $$material difference$?$ Why or why not?

$7.$ In general, what responsibility do auditors have to investigate whistleblower allegations that relate to the material accuracy of an audit client$$s financial statements?

$8.$ E&Y was a defendant in Lehman$-$related lawsuits filed in both state and federal courts. Identify the factors that influenced E&Y$$s legal exposure between lawsuits filed in state courts versus those filed in federal courts.