1) Select a major financial scandal that has occurred in the US (Enron, WorldCom and Adelphia cannot be selected)

2) Perform an assessment of the scandal including the available financial statements

3) Submit a paper (or presentation) answering the following questions: a) Provide a brief synopsis of the scandal b) Should this scandal have been uncovered earlier by auditors or some other party c) Which accounts on the financial statements were impacted by the erroneous entries that were being made by the company d) Were there any fines or criminal/civil legal actions as a result of this scandal? e) Has anything been done since to ensure that a scandal of this nature does not happen again?