Create a research report that identifies and analyzes Just for Feet, INC., a company that has been
Question:
Create a research report that identifies and analyzes Just for Feet, INC., a company that has been indicted for fraud. The report also will evaluate the auditor's role in relation to the fraud.
Your report must describe the issues surrounding the company and any company policies in relationship to the impact those might have on public audits/accounting.
Provide the following elements in your paper:
An executive summary identifying the company, the fraud, the affected stakeholders, and the ultimate resolution
A brief history of the company
An analysis of the auditor's role in the fraud, including any auditing standards that the auditors did not follow
Identification of internal controls that were circumvented or lacking and that could have prevented the fraud
Identification of accounting policies currently in effect that are designed to prevent similar problems from occurring again, or, if no policy exists, a proposal of a solution that would prevent a recurrence
StakeholdersA person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...
Step by Step Answer:
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones