Task 1: Questions regarding a corporate accounting scandal Businesses listed on the stock exchange are required to make public a set of signed audited financial statements. At the same time, management knows that the better their financial results look, the higher the share price will be and, consequently, the happier the shareholders will be. However, this can lead to conflicts of interest, as was the case with Livent Inc. and their auditors, in the following example describing an ethical issue. Read about it now in the document "Livent and the auditors", and then answer the questions that follow. Questions: a) Determine the facts of the situation. - Livent was involved in ... - Livent transferred pre-production costs for shows to ... - Livent removed certain expenses and corresponding liabilities from the accounting records at the end of each quarter to ... - Livent transferred costs from a currently running show to ... b) Identify the primary ethical issues. - The accounting records were... - Senior management was ... c) Name at least two of the stakeholders that the fraud affected