QuestionQuestion

Do some internet research to identify a corporate accounting scandal. Write a summary to include the following:
- The company and timeframe
- The situation (i.e., what happened and how they pulled it off from an accounting standpoint)
- How they got caught
- Penalties (e.g., fines and jail time)
- Fun fact around context or post-scandal

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The company and timeframe
Apple Inc., (“Apple”) is probably not one of the companies that one would first think of when it comes to major corporate accounting scandals, but the company was involved in significant accounting malpractices for nearly a decade. When information about the accounting scandal first came out in 2006, Apple announced that its financial statements for the period starting from September 2002 to the second quarter of 2006 should not...

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