Week 6 Discussion Question 1 & Discussion Question 2

Practice: Week 6 Discussion Question 2 (Due Friday 4/6) Please provide a very detailed APA Format response to the question highlighted in Green ONLY)

Review Case 8-3 Parmalat: Europe's Enron

Respond to the following: 

Yellow Group Question

Decide on several Accounting Irregularities and Failures. How might these have been prevented according to expert professional sources?

Blue Group Question

Decide on several auditor failures according to appropriate sources. Choose one. Did these auditors violate their published code of conduct and values of their firm as shown on the firm websites?

Orange Group Question

If there were to be a principles versus rules argument for best oversight, attempt to do one with detail and expert professional support in this case.

Green Group Question

Discuss the red flags missed in this case. Take the presence of a regulatory authority in the US. What requirements were missed and how might these been remedied according to professional resources? 

 

Analytical Requirements: Introduce the situation. Introduce and define or situate on the theme from the textbook (cite and reference). Step through the elements using facts, logical reasoning, and appropriate responses as a CPA and member of the AICPA. Conclude on the theme.

Scope: Your original response should be 350-500 words in length and meet the APA and writing standards as shown in the CWE for Masters Level II. Follow up responses should be 150 words in length (graded under participation).

Professional references (no third party): Required: Content from the textbook, AICPA Code of Professional Conduct, a professional Accountancy journal from the United States of America, Accounting technical guidance for any factual assertions. Recommended: Peer reviewed ethical websites (not professor in courses websites), Journal of Business Ethics, and related literature. For assigned Accounting firm questions, specifically used and linked resources from the firm's website.