Reference no: EM132782551

Problem 1: The vital issues faced by a company is the accounting fraud scandal that can lead to the destruction of the company. Factors that lead to the success of accounting frauds include: distorted structure of corporate governance, the weak incentive plan that did not duly motivate led the management team to conduct accounting fraud, the absence of proper screening systems that leads to negligence monitoring activities and the lack of independence as well as active monitoring activities by both external auditors and credit rating agencies. Provide three or more solutions to prevent these frauds to happen again.