Read the following case and answer the following questions.


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Read the following case and answer Question 2 and 5.

The case is attached.

Please answer the question base on the following requirement:

Section 1: A brief summary of the key facts of the case – this should be no longer than a paragraph (or one slide for
presenting groups).
• Section 2: A list of the professional standards applicable to the case. Each of your listings should include the codification
number and title of the standard as well as a reference to the pertinent paragraph(s) within the standard if appropriate.
E.g. PCAOB AS 2401: Consideration of Fraud in a Financial Statement Audit paragraphs .13.52
• Section 3: Responses to all the questions required for the case study. Be sure to support your response with cites of
applicable standards (which you would have listed above) as appropriate. Organize your responses in the same order the
questions are asked in the case study. Start each response by first restating the question.
• Section 4: Reflect on all of the questions/responses in section three. Given your critical analysis of the case materials,
think about any other relevant questions about the case you would like to have answers to that weren’t asked as part of
the required case study questions. List 13 questions you would like to pose to the group leading the case study
presentation in class. Posing your questions live during our case discussions in class will help stimulate further
discussion of case issues and contribute to your participation grade in the class.

Explanation & Answer

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