TOTAL MARKS = +4+4+5 marks = 25 marks Question 4: a. Corporate governance has been highlighted as an essential factor in alleviating the risk of corporate failure. Evaluate which aspects of corporate governance are likely to guard against corporate failure (7 marks). b. What factors should investors look for to assess the likelihood of corporate failure? Explain in your own words, how each of the elements might be related to the possibility of corporate failure (7 marks). c. In your own words, explain why corporate governance is essential for evaluating corporate earnings management? (6 marks). Please provide examples, the circumstances where a management team consider engaging in big bath accounting? (5 marks). TOTAL MARKS 7+7+6+5 marks = 25 marks END OF PART C