Case Study American Food Suppliers

The answers to the questions should include a definition of terms, analysis of the applicable accounting and/or audit rules that may apply and an analysis of the question using the rules and the facts. This may require the team to do some research. This case provides research in the Reference section at the end of the case. That will give you a good start.

Also, you should integrate into the answers the concepts that you are learning from the in-class readings where applicable. Here are some quick examples:

In response to Q. #5 I would expect to see some discussion of SAS #99.

Auditor standards should be referenced in response to Q. #3. Also, how might the business profile analysis in the assigned Bribery and Corruption readings for week 2 be used to answer Q. #3 as well?

Do the reading on conspiracy and mail and wire fraud; department of justice policy and the federal sentencing guidelines have application to Q. #7?

Do the accountant reporting guidelines in SOX help answer Q. #8?

These are just a few examples. It is not enough to simply brainstorm the case and submit some ideas. However, I do expect your thoughts, ideas and analysis to accompany your research and readings in the answers. I hope that this provides you with some guidance.

Let me know if you have any questions.