please answer asap both questions. supplemtal info can be found online.

14)6\%-Read SEC Release 2015-223(1 page) where the SEC sanctioned China based Focus Media holding for $55.6 million. What did the company do wrong, that it got sanctioned by the SEC? Obviously, the auditors did not pick up any issues. What is the general issue that the U.S has with Chinese based audits? 15)7%A company is unsure of the amount of its probable loss. Its attomey feels that the loss can range from $200,000 to $800,000, with no one amount a better estimate. The lik elihood of different amounts are: What amount should be reported under IFRS and GAAP? 14)6\%-Read SEC Release 2015-223(1 page) where the SEC sanctioned China based Focus Media holding for $55.6 million. What did the company do wrong, that it got sanctioned by the SEC? Obviously, the auditors did not pick up any issues. What is the general issue that the U.S has with Chinese based audits? 15)7%A company is unsure of the amount of its probable loss. Its attomey feels that the loss can range from $200,000 to $800,000, with no one amount a better estimate. The lik elihood of different amounts are: What amount should be reported under IFRS and GAAP