Assignment Details: Consider a publicly reported enterprise financial crisis preferably in Australia. Analyse and report the role of the financial statements, related key metrics and other key information in the outcome and its possible avoidance. 1) Where applicable, relevant AASB accounting standards are referred to in the report. 2) A clear and comprehensive overview of the enterprise's financial crisis and outcome is provided. a. Were other entities and/or industries affected? 3) Explain the role of the entity's financial statements in the outcome. a. What were the financial accounting issues that contributed to this crisis? b. Were there other factors that contributed, and to what degree? 4) How could this crisis have been avoided? a. Was it entity specific or were there wider financial accounting issues? b. Have there been any changes to accounting standards or regulation in light of the crisis? A collated and professionally printed, "Annual Financial Report" must be handed to the teacher. Supporting material like third party reports, new paper articles and live links are to be affixed in the assignment appendix.