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Audit, Governance and ScandalsEssay Preview: Audit, Governance and ScandalsReport this essayAudit, Governance and ScandalsLessons learned from corporate scandalsEthical dilemma in most scandals has been coupled with ineffective boards, ineffective corporate governance and control mechanisms, and distorted incentive schemes, accounting irregularities, failure of audits, dominant CEOs, Dis-functional management behavior and lack of sound ethical tone at.