Identify one (1) real-life ‘financial reporting accounting
fraud’ that occurred post 1990 (i.e. in the last 30 years), in any
country, and answer the following questions:
a) Summarise the key facts about your chosen ‘financial reporting
accounting fraud’
b) Explain which of Positive Accounting Theory’s (PAT’s) hypotheses
predicted the practice(s) of the parties involved in your chosen
accounting fraud.
c) Discuss what specific accounting regulations were violated?
d) What valuable lessons can the accounting community (incl.
reporting entities and regulators),...