Select an accounting scandal or financial statement restatement that has occurred within the last four years.

• Provide a summary of the primary accounting and financial reporting improprieties in your selected case. Your summary must include whether there were any penalties or legal consequences for the company's senior management or the financial statement auditors.
• Identify two probable key deficiencies in the auditor's risk assessment methods. Explain how each of these deficiencies allowed the accounting irregularities to escape detection.
• Provide a recommendation for audit gathering and evaluation procedures that would help prevent future financial statement misstatements. Provide a rationale for your recommendation.
• Cite two quality resources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time.