Iron curtain vs rollover method example

Easy accounting hw, can be done with google within an hour or two. Please do not copy and paste answers from google however. There is also a few discussion questions that need to be done.

The questions are down below and discussion questions are down below. Please complete this in a word document.

Discussion 1

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What is insolvency?
Toshiba Corp. insolvent? Explain your answer.
What is Toshiba's relationship to Westinghouse Electric? How did Westinghouse's bankruptcy filing lead to Toshiba's financial difficulties? You may refer to the related article to assist with this answer.
Near the end of the article, the author writes that Toshiba's auditors "have refused to approve financial statement this year." Do auditors "approve" financial statements? Explain and comment on the concern about public understanding of the role of an auditor and an audit opinion.
Discussion 2

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Describe the standard form of audit report currently used in the U.S. How long has this form of report been in use?
What changes has the Public Company Accounting Oversight Board (PCAOB) proposed to audit report? You may access the proposed SEC requirement to implement the requirement at https://www.sec.gov/rules/pcaob/2017/34-81187.pdf Read Parts I and II. A. (Summary). You may also use the links in the article to access the PCAOB's process for implementing these new requirements.
In the article, the author describes the current pass/fail audit report. "A thumbs-up states that the accounting firm obtained 'reasonable assurance' that the financial statements are 'free of material misstatement' and represent the company's condition 'fairly.' A thumbs-down casts doubt on whether the company can 'continue as a going concern.' Are these the only two options for forms of an audit report under current requirements? Explain your answer.
There is a correction noted at the bottom of this article and copied here. Why is this an important distinction? CORRECTION: Independent accountants audit a company's financial statements. An "Intelligent Investor" column Aug. 18 incorrectly said independent auditors prepare a company's financial statements.