What are the effects of minkows actions on the stakeholders

Assignment Help Financial Management

Reference no: EM133498403

Assignment: Financial Statements Respect to Audit Risk Paper

Question A. What are the effects of Minkow's actions on the stakeholders? Explain.

Question B. Do you believe that auditors should be held liable for failing to discover fraud in situations such as ZZZZ Best? Is there any evidence that says they shouldn't? Explain.

Question C. What red flags existed in the ZZZZ Best case? What should have been Ernst & Whinney's actions with respect to audit risk? Explain.

Question D. Referring to the selected numbers from the financial statements of ZZZZ Best (under Questions at the end of the case) for the fiscal years 1985 and 1986, what calculations or analyses would you make with respect to these numbers that might help you assess whether the financial relationships are reasonable, and how would they help this assessment?

Reference no: EM133498403

Questions Cloud

What is the issue that you are trying to solve or improve : What is the issue that you are trying to solve or improve? Why should the audience care about solving it? How does the plan justify the resource expenditure?

Identify and solve complex organisational problems : Identify and solve complex organisational problems creatively and practically through planning for security to increase the effectiveness of management processe

How does your school data compare to data from : Identify who can help you obtain this data. Who is your data expert; who can help you interpret the data?

Explain what closing-the-gap action plans are : explain what "closing-the-gap action plans" are? - I encourage you to revisit Hatch and Hartline's MTMDSS tier interventions in order to add a citation

What are the effects of minkows actions on the stakeholders : What are the effects of Minkow's actions on the stakeholders? What should have been Ernst & Whinney's actions with respect to audit risk? Explain.

Discuss current operational and other challenges confronting : CCJS 345- Identify and discuss the current operational and other challenges confronting security directors and possible solutions to those challenges.

What are the key categories and concepts used by the writer : Who composed the document and why? Why has it survived and have any changes been introduced over the years? What methods appear to have been used to acquire

Explain the influence of changes in consumer demand : TTE101 The Tourist Experience, Torrens University - Discuss the potential economic, socio-cultural & environmental impacts of increased tourism on the local

How they relate to the topic of lifespan development : do a search for 2 scholarly journal articles related to lifespan. Provide a brief description of these articles and how they relate to the topic of lifespan

User Account

All Pages