I need help with two pages case Study about Kmart Scandal, which happened in 2002:

1. scandal content:

a. Who was responsible for the fraud? What were their motives for committing it?

b. What actually took place? What were the specific financial statement consequences (what accounts were overstated or understated; what were the fraudulent debits and credits and what should they have been)?

c. How was the fraud discovered?

d. What were the consequences to those involved (the company, shareholders, and perpetrators themselves)?

2. Auditor involvement:

a. Were the auditors negligent or complicit (or neither) in the scandal?

b. What could the auditors have done differently or better to detect or prevent the scandal? For example, were there red flags missed or substantive procedures poorly executed?

c. What lessons can we learn as auditors?