Due in 11 hours
MK778
FAll2020-21_Groupwork_InternatinalAccounting.docxPlagiarism Writing
1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer, but fail to state where you got the material from. You need to be also very careful about the amount of words you are using from somebody else’s work.
2. It can happen in any type of assessment where you are given the questions or tasks in advance.
3. If another student uses your work in his/her answer(s), both you and he/she will be punished when caught.
4. Punishments for committing plagiarism can be very severe.
Details
Plagiarism is a form of cheating in which students use the work of others and present it as their own. It may include all or any one of the following –
1. Copy extensively from the work of others (from sources such as books, magazines, journal, web-sites etc) and submit the work as your own.
2. Copy another students’ work and submit it for assessment under your own name.
3. Allow another student to copy your work and then submit it for assessment under their own name.
What happens if you get caught?
The examining body of CBFS may punish offending students in any manner that they deem fit. Typical punishments may range from reduction in grades, making students resit modules and even failing students on a module or an entire award. The college considers this form of cheating as a serious offence. Therefore be forewarned!
Scenario or Tasks
Please read the case attached about Madoff Securities and answer the following questions. Your answer should be based on the information provided in the case and extensive research of the underlying concepts of international accounting and auditing.
Questions :
1. Public and media blame that federal government and law enforcement authorities fail to work as nation’s “watchdog” system for the capital
markets. Explain at least 4 factors that support above assertion. (2.5*4=10)
2. Role of Financial Analyst: (1 +4 = 5)
2.1 In general, Explain the role of financial analysts in the stock markets.
2.2 Identify the financial analysts’ role in Madoff fraud that explain the analysts’ power to find the accounting fraud. Discuss at least 3 observations.
3. Madoffs used “Rubber Stamped” financial statements for decades. Describe what duties did David Friehling breached as an auditor to Madoff Investment? Give your critical views on what auditor liabilities should he assume for the case and the regulatory reforms that followed
Madoffs Investment Fraud. (1+2+2=5)
TOTAL 20 marks
Important Instructions:
1. Your assignment should be neatly typed on A-4 size paper.
2. Font type and size: Times New Roman 12
3. Word count should not exceed 2000 words excluding the tables, calculations and references, please ensure that your answers include all relevant information, data etc.
4. There should be proper referencing.
5. Please note that the Turntin Similarity Index is one of the many methods I will use to determine originality of your work.
6. All the group members will be responsible for submission of the assignment in time and any misconduct or missing deadline penalties will be applicable to the entire group.
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