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Problem
Use a case study research using information and data from various fraud or audit related cases from 2018 onward. The year of the case means the year of final decision by courts or SEC published in the press even though fraud might have occurred prior to 2018. Write including introduction of the case, what were the issues. Describe what went wrong in the internal or external audit and/or governance making these frauds possible. Suggest how could such fraud be stopped or caught beforehand during auditing itself.
Quality research resources like well known website resources of the SEC, Dept of Justice, PCAOB, Stock Exchanges used by you in your case study.
Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?
Code of Ethics for Professional Accountants
Prepare Swag's consolidated balance sheet
Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to
Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors
Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.
State whether Event is adjusting or non-adjusting event.
As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.
To identify principal audit risk and corresponding audit procedures
Show the audit inherent risk and rate the risk as low, medium or high.
Explain the role of the following three 'bodies' in National Health Reform
Prepare a memo on the 'state of the company's industry' and associated risk factors.
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