Financial reporting

https://www.msn.com/en-ca/video/wonder/elon-musk-agrees-to-pay-dollar20-million-fine-in-sec-settlement/vi-BBNOwVp
Please respond to the video as follows: (a little research on the video may be needed)
1)How did management perpetrate the improper financial reporting?
2) How were investors or potential investors misled by the financial reports?
3) How can an appropriate corporate culture promote fair and ethical external financial reporting?

Sample Solution