The past two (2) decades has witnessed media reports on corporate scandals characterized by Officers in influential position pursuing their interest instead of pursuing the primary objective of wealth maximization of the owners of the entities in question.

Required

Write a report to cover the following

1. Discuss the impact such scandals have had on the accounting profession, including forensic accounting.
2. Discuss the challenges a forensic accountant may face handling such matters.

Critically discuss the role the forensic accountant has played in relation to corporate scandals.