Problem
A critical reflection on the article titled, "The story behind Australia's worst accounting scandal" authored by Jonathan Shapiro published in the Financial Review. A PDF version of the article is available in the Assessment 1 folder or you can use the following link: The story behind Australia's worst accounting scandal Requirements:
1. Critically analyse, using the Positive Accounting Theory, why some companies choose creative accounting.
2. Critically evaluate the roles of auditors and ASIC (Australian Securities and Investment Commission) in detecting accounting fraud.
3. As an accounting student, what is your personal take after conducting this research? In your reflection, include in-text citations taken from appropriate authoritative sources (note that Harvard referencing is required, including a reference list if any).