• From accounting journals published for the industry, choose one recent article which references financial auditing case which resulted in the discovery of an accounting scandal.
• The article can come from the Internet or a hard copy publication such as the CPA Journal, The Accountant or The Accounting Review.

Prepare a paper of the article which discusses: 

1) the public company being audited including its size and nature of the business; 

2) identifies the auditors and the audit procedures applied by the auditors to reveal the accounting scandal; 

3) the magnitude of the scandal and the penalties applied to those involved in the fraud; 

4) what the public company could have done differently to prevent the fraud from occurring.

• Provide your opinion and comments about the article
• Provide a statement of whether you think this assignment was of value.

Answer rating: 100% (QA)

1 Enron was a United States Public limited company The company was involved in the business of the energy sector The company was based in Huston Texas The company was declared bankrupt with its accoun... View the full answer