Read the attached case and write up an executive summary on the case, including answers to the following questions.
1.Provide a brief discussion of the auditor liabilities and the potential defenses.
2.What are the brief facts of the case that led to the investigation?
3.What duties of care, laws, or responsibilities to clients were violated?
4.What are the potential defenses available to the accountants and auditors involved in the situation?
Be sure to include links to the sites and cases that you quote in your paper. Include your opinions (pro or con) on the effectiveness of the Committee of Sponsoring Organizations (COSO) of the Treadway Commission.