Question 1. (6.5 marks)a) Choose any five of the aforementioned scandals and complete the dot point questions.b) Discuss the consequences (if any) concerning the auditors.1. Waste Management Scandal (1998)Company: Houston-based publicly traded waste management company• What happened: • Main players: • How they did it: • How they got caught: • Penalties: • Auditors:2. Enron Scandal (2001)Company: Houston-based commodities, energy and service corporation• What happened: • Main players: • How they did it:• How they got caught: • Penalties: • Auditors:3. WorldCom Scandal (2002)Company: Telecommunications company; • What happened: • Main player: • How he did it: • How he got caught: • Penalties: • Auditors:4. Tyco Scandal (2002)Company: New Jersey-based blue-chip Swiss security systems.• What happened: • Main players: • How they did it: • How they got caught: • Penalties: • Auditors:5. HealthSouth Scandal (2003)Company: Largest publicly traded health care company in the U.S.• What happened: • Main player: • How he did it: • How he got caught:• Penalties: • Auditors:6. Freddie Mac (2003)Company: Federally backed mortgage-financing giant.• What happened: • Main players:• How they did it: • How they got caught: • Penalties: • Auditors:7. American International Group (AIG) Scandal (2005)Company: Multinational insurance corporation.• What happened: • Main player.• How he did it: • How he got caught: • Penalties: • Auditors:8. Lehman Brothers Scandal (2008)Company: Global financial services firm.• What happened: • Main players: • How they did it: • How they got caught: • Penalties: • Auditors:9. Bernie Madoff Scandal (2008)Company: Bernard L. Madoff Investment Securities LLC was a Wall Street investment firm founded by Madoff.• What happened: • Main players: • How they did it: • How they got caught: • Penalties: • Auditors:10. Satyam Scandal (2009)Company: Indian IT services and back-office accounting firm.• What happened: • Main player: • How he did it: • How he got caught: • Penalties:• Auditors:  Question 2. (6.5 marks) Discuss what the auditor audits in the annual report and their responsibilities relating to other information in documents containing or accompanying the audited financial statementsQuestion 3. (7 marks)Look at the following youtube video. Explain what should have stopped this auditor from going over to the dark side.He Stopped Auditing Today - A Parody About an Auditor ...