Please read the following article: https://www.nbcnews.com/politics/justice-department/feds-take-down-1-billion-fraud-scheme-operation-brace-yourself-n992481 What were the audit issues? Describe what went...

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Accounting

Please read the following article:

https://www.nbcnews.com/politics/justice-department/feds-take-down-1-billion-fraud-scheme-operation-brace-yourself-n992481

What were the audit issues? Describe what went wrong in the internal or external audit and/or governance making these frauds possible? Suggest how could such fraud be stopped or caught beforehand during auditing itself?

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