Respond to the following discussion topic: Although each fraud is unique there a

Respond to the following discussion topic: Although each fraud is unique there are commonalities among many of the major financial reporting frauds that have taken place in the past decade. What are the major commonalities and lessons that can be learned through an examination of frauds at Enron HealthSouth WorldCom Addeco Lucent and Parmalat?Respond to the following discussion topic: Discuss the audit risk associated with auditing related party transactions?Respond to the following discussion topic: Why should the auditor take special care concerning accounting estimates?Respond to the following discussion topic: What is defensive auditing? Is it necessary?