Summary:1,2,3 Please read the assigned case, answer the questions in the textbook, and create one multiple choice question (no true/false accepted) with four answer choices. Include the correct answer.
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Summary123.docxSummary:1
Please read the assigned case, answer the questions in the textbook, and create one multiple choice question (no true/false accepted) with four answer choices. Include the correct answer.
Case 6-4 Anjoorian et al.: Third-Party Liability
1. Analyze the potential for legal liability of P&T under each of the four basic theories of liabilities discussed in Chapter 6.
2. Were the auditors guilty of professional negligence? Explain.
3. Judge Silverstein relied on the Restatement (Second) of the Law of Torts for his ruling. Assume he had relied on the “near-privity relationship” ruling in Credit Alliance, and evaluate the legal liability of the auditors using that standard.
4. The defendants argued in the case that, in order to find a duty to third parties, an accountant must have contemplated a specific transaction for which the financial statement would be used and that no such transaction was contemplated here. Do you agree with this statements from the perspective of auditors’ third party liability? Why or why not?
========================= Homework Assignment Policy (Course Syllabus) =========================
The homework assignments include answering the assigned case questions from the textbook and creating one multiple choice question (no true/false accepted) with four answer choices based on the cases (include the correct answers). Please use your own words when completing the homework assignments. There is no required homework format, but you must write in organized paragraphs with complete sentences. Do not use bullet points or direct quotes. I do not allow any direct quotations. Please do not rewrite case information from the textbook to avoid a high similarity score from Turnitin. It is best to paraphrase rather than to include directly quoted case material in your writing. Turnitin on iLearn will be used to check for plagiarism. Please refer to the Turnitin policy below. You can only upload word/text files to iLearn or copy and paste text into the text/content area. Do not upload pdf/pages files.
Minimum Word Requirements: Students are required to write at least 300 words. However, this does not count multiple choice question and homework questions. Please include the word count at the top of your homework. I require minimum word counts to give students an idea of how much work is expected. Otherwise, students may do much less than they need to do in order to develop their critical and analytical thinking skills.
Summary:2
Please read the assigned case, answer the questions in the textbook, and create one multiple choice question (no true/false accepted) with four answer choices. Include the correct answer.
Case 7-1 Nortel Networks
1. Describe each of the financial shenanigans used by Nortel and how they manipulated earnings.
2. What were the motivating factors that led to the fraud at Nortel? How should the auditors have considered these factors and the culture at Nortel in its risk assessment?
3. Assume you had to prepare an assessment of internal control over financial reporting at Nortel, what would your conclusion be and why?
4. Does it appear from the facts of the case that the Deloitte auditors met their ethical and professional responsibilities in the audit of Nortel’s financial statements? Be specific.
================= Homework Assignment Policy (Course Syllabus) ====================================== The homework assignments include answering the assigned case questions from the textbook and creating one multiple choice question (no true/false accepted) with four answer choices based on the cases (include the correct answers). Please use your own words when completing the homework assignments. There is no required homework format, but you must write in organized paragraphs with complete sentences. Do not use bullet points or direct quotes. I do not allow any direct quotations. Please do not rewrite case information from the textbook to avoid a high similarity score from Turnitin. It is best to paraphrase rather than to include directly quoted case material in your writing. Turnitin on iLearn will be used to check for plagiarism. Please refer to the Turnitin policy below. You can only upload word/text files to iLearn or copy and paste text into the text/content area. Do not upload pdf/pages files.
Minimum Word Requirements: Students are required to write at least 300 words. However, this does not count multiple choice question and homework questions. Please include the word count at the top of your homework. I require minimum word counts to give students an idea of how much work is expected. Otherwise, students may do much less than they need to do in order to develop their critical and analytical thinking skills.
Summary:3
Please read the assigned case, answer the questions in the textbook, and create one multiple choice question (no true/false accepted) with four answer choices. Include the correct answer.
Case 8-4 Krispy Kreme Doughnuts, Inc.
1. How was mismanagement at Krispy Kreme reflective of leadership failure?
2. Describe the financial shenanigans used by Krispy Kreme. In this regard, is earnings management always a sign of failed leadership?
3. PwC had been Krispy Kreme's auditor since 1992. How can a firm's length of service influence audit decisions? What biases may creep up over time? Does it seem this occurred at PwC?
4. One of the reasons behind Krispy Kreme's financial shenanigans was its failure to meet earnings guidance. How might earnings guidance and the choice of non-GAAP measures reflect a particular style of leadership?
============================= Homework Assignment Policy (Course Syllabus) =============================
The homework assignments include answering the assigned case questions from the textbook and creating one multiple choice question (no true/false accepted) with four answer choices based on the cases (include the correct answers). Please use your own words when completing the homework assignments. There is no required homework format, but you must write in organized paragraphs with complete sentences. Do not use bullet points or direct quotes. I do not allow any direct quotations. Please do not rewrite case information from the textbook to avoid a high similarity score from Turnitin. It is best to paraphrase rather than to include directly quoted case material in your writing. Turnitin on iLearn will be used to check for plagiarism. Please refer to the Turnitin policy below. You can only upload word/text files to iLearn or copy and paste text into the text/content area. Do not upload pdf/pages files.
Minimum Word Requirements: Students are required to write at least 300 words. However, this does not count multiple choice question and homework questions. Please include the word count at the top of your homework. I require minimum word counts to give students an idea of how much work is expected. Otherwise, students may do much less than they need to do in order to develop their critical and analytical thinking skills.
