Question;Write a five to six (5-6) page paper [original and fresh]in which you;1.;Determine the regulatory oversight that was in;place while the Ponzi scheme was operating, and speculate on the main reasons;why they did not discover the scheme.;2.;Assume you are an auditor for a firm that had;$10 million dollars invested in Madoff Securities.;3.;Determine the fundamental audit procedures;that you should have applied to this investment.;4.;Predict the way in which a peer review of Friehling;and Horowitz would have uncovered the scheme related to Madoff Securities.;5.;Pretend you are Harry Markopolos and suggest;one (1) strategy, different from that of the case study, to expose the;potential fraud. Provide a rationale to support the suggestion.;6.;Analyze the role of the audit committee for;Madoff Securities in regard to the discovery of Ponzi scheme, and suggest one;(1) action the audit committee could have taken in order to prevent or detect;the fraud. Provide a rationale to support the suggestion.;7.;Use at least three (3) quality academic;resources in this assignment. Note: Wikipedia and similar type Websites do not;qualify as academic resources.;Review the Madoff;Securities case file.;The specific course;learning outcomes associated with this assignment are;?;Analyze the requirement for the profession of;auditing and the integral role that independence assurance plays within the;economy.;?;Examine the corporate governance of audits;including the professional, regulatory, and corporate managerial requirements.;?;Use technology and information resources to;research issues in auditing.;?;Write clearly and concisely about auditing;using proper writing mechanics.
Paper#50805 | Written in 18-Jul-2015Price : $37