Jon Fries (CEO), Fletcher Anderson (COO), Craig Schuster (CFO), and Catherine Sprauer (division controller) were the four central figures in this case. Identify the key responsibilities associated with the professional roles these individuals occupied. Briefly describe the type and extent of interaction each of these individuals likely had with F&C’s independent auditors.
Answer to relevant QuestionsUsing the scale shown below, evaluate the conduct of the four key individuals discussed in this case. Be prepared to defend your answers−100 . . . . . . . . . 0 . . . . . . . . . 100Highly.......... ...Do you believe that it was appropriate for Suzette to report the alleged theft ring to a store manager? Would it have been unethical for Suzette not to report the rumored theft ring?Suppose that Wiley does not disclose the citation he received. A few weeks after going to work for his new employer, Wiley is called into the OMP’s office. The OMP tells Wiley that he recently learned of the ...Dell recorded the exclusivity payments as an offset or reduction to its operating expenses. What “management assertion” did that accounting treatment violate? What audit procedure or procedures might have resulted in the ...Identify specific factors that may influence the market value of a given accounting firm. Relying on publicly available sources, identify common methods used to assign a market value to an accounting firm or practice.
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