C. The past decade has been characterised as a period of financial crisis. A number of high-profile cases have highlighted the role of financial reporting and the issues surrounding earnings management. The flood of these so-called accounting scandals and the alarming increase in accounting revisions and restatements has drawn the attention around the globe of accounting researchers and the popular press alike (Needles, Powers and Senyigit, 2018). Needles, B. E., Powers, M. & Senyigit, B., (2018). Earnings Management: A Review of Selected Cases, MED -Journal of Accounting Institute, 16, 23-27. REQUIRED: (a) Explain the difference between earnings management and financial statement fraud. (3 Marks) (b) Briefly explain TWO (2) agency costs related to earnings management. (6 Marks) (c) Discuss THREE (3) earnings management techniques together with the suggested situations that possibly used by the manager to manage the business earnings. (6 Marks)