Specifically, this question is to assess How poor financial reporting practices (i.e. companies insufficiently fulfill the qualitative characteristic of financial reporting requirements) would affect and/or interact with the companies' adoption of creative accounting/earnings management practices? ii. What are the different forms of creative accounting/earnings management in practice? What are the differences between illegal accounting practices and creative accounting practices? iii. The importance of accounting professional ethics. Please note that accounting scandal and company failure would not necessarily mean that this company went bankruptcy. The companies may still exist, yet the accounting scandals have been reported and the wrong doings have been penalised.Find the reports and materials published online and in press about a corporate scandal (excluding the Enron scandal) of your choice in a country where IFRS applies (check here: https://www.ifrs.org/use-around-the-world/use-of-ifrs-standards-by-jurisdiction/). You are required to analyse the accounting scandal and the consequential company failure. 1) Identify three specific accounts manipulation problems of your chosen accounting scandal and explain the seriousness of them (e.g. a fraud or creative accounting, illegal or unethical). Cite the relevant research literature where necessary. See the lecture contents to understand the difference between fraud/illegal accounting practice and creative accounting/earnings management