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Using appropriate sources, conduct research on two major corporate scandals with threatened and/or actual legal action against the external auditors. 2011 Sino-Forest Corp. 2020 Wirecard
Using appropriate sources, conduct research on two major corporate scandals with threatened and/or actual legal action against the external auditors.
2011 Sino-Forest Corp.
2020 Wirecard AG
- Investigate in depth and discuss the circumstances under which each scandal was exposed.
- What do you think were the reasons for the fraud?
- How did the executives commit fraud?Be specific on financial items that are materially misstated.
- How was the scandal discovered?
- Were the external auditors blameworthy in this case?
- Is there any evidence of poor-quality auditing? Any fines or penalties imposed?
- As we are seeing so many corporate scandals, provide at least two suggestions on how to improve the current market and institutional oversight for publicly listed firms.
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