The project is a research report that
identifies and analyzes a company that has been indicted for fraud. The report
also will evaluate the auditor’s role in relation to the fraud.
1. To conduct your research, choose as a case
study one of the companies listed below, or obtain approval from your
instructor to use a public company not on the list.
o
Just for FEET, Inc.
o
Health Management,
Inc.
o
Jamaica Water
Properties
o
The Leslie Fay
Companies
o
NextCard, Inc.
o
Crazy Eddie
Your report must
describe the issues surrounding the company and any company policies in
relationship to the impact those might have on public audits/accounting.
Provide the following
elements in your paper:
0.
An executive summary
identifying the company, the fraud, the affected stakeholders, and the ultimate
resolution.
1.
A brief history of the
company.
2.
An analysis of the
auditor’s role in the fraud, including any auditing standards that the auditors
did not follow.
3.
Identification of
internal controls that were circumvented or lacking and that could have
prevented the fraud.
4.
Identify accounting
policies currently in effect that are designed to prevent similar problems from
occurring again, or, if no policy exists, propose a solution that would prevent
a recurrence.
Your research report
should be 8- to 12-pages long.
Cite at least two
sources other than the
textbook. Please Note: You may not use Wikipedia as a source.
Must be in APA
format.
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