answer a questions

The topic of this week’s discussion is not directly related to Chapter 11. It is rather a topic that wraps up this course. Read the following three articles carefully and address the questions below.Articles:

• Repo 105: Lehman's 'Accounting Gimmick' Explained (NPR) 
• Lehman Case Hints at Need to Stiffen Audit Rules (NYTimes)
• Ernst &Young Agrees to Pay a9 Million in Lehman Settlement (WSJ)

Address two questions below (Your initial post should be approximately 200-300 words):

1. Why do you think was EY not held liable for the incident as much as investors wished (You can discussed it in relation to what we talked about in Lesson 4)?
2. In the NYTimes article above, the judge said "the fact that Lehman’s accounting for the Repo 105 transactions technically complied with the rule does not mean that Lehman’s financial statements complied with GAAP.” What do you think it means?

the articles:

https://www.nytimes.com/2011/07/29/business/in-lehman-case-a-hint-that-audit-rules-are-lacking-floyd-norris.html

https://www.npr.org/sections/money/2010/03/repo_105_lehmans_accounting_gi.html%20

The third one i will attached it