- literature review on the agency problem in the area of accounting fraud. 

- Summarise and discuss the empirical findings on Enron Corporation & Lehman Brothers in this area.

- Make the relevant recommendations to avoid the agency costs incurred in each case. 

- Minimum 5 in-text citations and references in harvard style.

Answer rating: 100% (QA)

Introduction The agency problem occurs when managers who act as agents of shareholders act in their own interests instead of maximizing shareholder wealth which can result in accounting fraud This lit... View the full answer