In my analysis of 2GO's case, I wholeheartedly believe that the problem started when there was a

change in the management of 2GO. This problem is when the first CEO stepped down from his
position because of old age, and everyone didn't fully acknowledge his successor as the best-
qualified person to become the CEO. In that aspect alone, unity was already difficult to achieve
in the new management of 2GO. Integration is a crucial aspect when it comes to running a big
company like 2GO because you want to cultivate trust and cooperation between each of its
members in its firm. So, if there is no unity, how would you expect everyone to work effectively
and efficiently if everyone doesn't even fully approve the new boss. I think they just agreed for
him to be the CEO because there was no other option. Maybe no one can beat him when it comes
to the percentage of shares he acquired in the company. This incident might be the opening that
the SM Corporation has been waiting to purchase little by little the company of 2GO.

There was no failure in SM Corporation's due diligence, in my opinion. I believe that their move
of acquiring some shares in 2GO's company even before the problem has happened is well-
planned. It was part of their plan, and they know that inside the company, there has been
turbulence in the management of 2GO even before it became a well-known issue. They don't
need to directly involve themselves in helping the 2GO to recover in the first part of their
problem. It is because the SM Corporation doesn't even have such high amounts of percentage
also to have the relevance of making decisions for the company. They were just fine watching on
the sidelines watching things to unfold. I believe that the problem with the decline in the stock
prices was to the SM's advantage as it paved the way to buy more stocks in 2GO to fully acquire
them in the future.

In the aspect of auditing, the internal auditors of 2GO should've valued more their integrity and
professionalism as opposed to greed and status. This reason is that they took an oath of public
service to the community to practice good governance with the right conduct. Dishonesty and
false representation of the financial statements aren't one of those. It is just sad that just for the
sake of money, they were able to trade it for their honesty and integrity as a licensed Certified
Public Accountant. It is just a shame that they were willing to throw their oaths and educational
background only to have money for their interests.

As an aspiring Certified Public Accountant in the future, I hope I wouldn't be like the auditors
that sold their souls to the devil. I would practice what I've learned in the most appropriate way
possible without harming other people. I hope to use my abilities for other people's benefit and
not only my own. I pray to God that I wouldn't become a selfish person like the ones who
misinformed the government and the people with their financial reports.