Question: Nortel Networks Inc the former telecommunications giant was accused of

Nortel Networks Inc., the former telecommunications giant, was accused of misstating its financial statements. The auditors for the company signed audit reports in which they stated that the financial statements of the company were fairly presented.
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How is it possible that a company can misrepresent its financial statements and still receive a “clean” audit opinion from its auditors?

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  • CreatedSeptember 18, 2015
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