Examine a corporate scandal that involved improper accounting practices and the role of auditors from ( Lehman Brothers)Write a business report addressing the following questions:1. Briefly describe the company, its operations, size and location of the business.2. Provide a critical overview of company's corporate governance policy and practice.3. What were the most salient accounting irregularities, fraud, and risk management failures that gave rise to the demise of the business?4. List and explain four key audit risks which would have impacted on the audit of the selected company. Include the account and assertion most affected by the risks identified. 5. Identify areas where auditors have failed, and thus contributed to the collapse of the business. So my part is: -1. Briefly describe the company, its operations, size and location of the business.2. Provide a critical overview of company's corporate governance policy and practice