The assignment is a research report that identifies and analyzes a company that has been indicted for fraud. The report also will evaluate the auditors role in relation to the fraud.

1. Your report must describe the issues surrounding the Leslie Fay Companies, the company itselfand any company policies in relationship to the impact those might have on public audits/accounting.
2. Provide the following elements in your paper:
   1. An executive summary identifying the company, the fraud, the affected stakeholders, and the ultimate resolution
   2. A brief history of the company
   3. An analysis of the auditors role in the fraud, including any auditing standards that the auditors did not follow
   4. Identification of internal controls that were circumvented or lacking and that could have prevented the fraud
   5. 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

Your paper should be 8-10 pages in length. Follow APA format. Include a title page and reference page. Use four outside academic sources other than the textbook, course materials, or other information provided as part of the course materials.

*Must use proper English and must be 100% original, if not than the paper will not be accepted.