Analyze the audit report that the cpa firm issued

Assignment Help Accounting Basics

Reference no: EM132150870

Question: The Securities and Exchange Commission (SEC) regulates public companies. The SEC has found that some of these companies have violated GAAP by using creative accounting practices to mislead investors and creditors regarding the health of their company.

Use the Internet or Strayer Library to research a recent accounting scandal within the last five (5) years where the SEC accused public companies of accounting irregularities.

Write a three to four (3-4) page paper in which you:

1. cns available under SOX, and recommend the key action(s) that the PCAOB should take in order to hold management or the audit firm accountable for the accounting irregularities. Provide a rationale for your response.

5. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

• This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.

• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Analyze the required generally accepted auditing standards, professional ethics, and legal liability of the auditor.

• Assess how the Sarbanes-Oxley Act has affected auditing.

• Evaluate an audit report.

• Evaluate objectives for conducting audits, and compare management's and auditors' responsibilities.

• Use technology and information resources to research issues in auditing.

• Write clearly and concisely about auditing using proper writing mechanics.

Reference no: EM132150870

Questions Cloud

Define internal controls that your coworker might attempt : Imagine that a coworker wants to circumvent an internal control to steal money from your company. Speculate on two (2) internal controls that your coworker.

Determine the probability that part is defective : Determine the probability that a part is defective.

Evaluating the level of responsibility of the company : Based on the information you researched, evaluate the level of responsibility of the company in terms of the effectiveness of the response to the security.

What would be the future value of your investment : What would be the investment's future value in terms of purchasing power if inflation occurs at a 9 percent annual rate?

Analyze the audit report that the cpa firm issued : Analyze the audit report that the CPA firm issued. Ascertain the legal liability to third parties who relied on financial statements under both common.

Analyze the development process of accounting : Analyze the development process of accounting in the United States including the role of ethics in the profession and the movement toward international.

What decrypted message does bob see : Suppose that Bob's implementation of RSA is buggy, and computes k^-1 (mod 4f(m)) instead of k^-1 (mod f(m)). What decrypted message does Bob see?

Explain the influence of social media in the organization : Technology, as an integral component in today's business world, is often the focus of communication strategies.

Retail store major project proposal : Develop a major project proposal to be undertaken by your employer (WAL-MART) - You may decide to expand your product offerings or open an additional store

User Account

All Pages