Cardillo Travel Systems, Inc.
Write a five to six
(5-6) original and fresh page paper in which you:
1. Explain the
Securities and Exchange Commission's rationale to charge Cardillo executives
with each of the following violations:
a.
making false representations to outside
auditors
b.
failing to maintain accurate financial records
c.
failing to file prompt financial reports with
the SEC
d.
violating the insider trading provisions of
the federal securities laws
2. Determine who was in
violation or compliance of the AICPA's Code of Professional Conduct in this
case study and analyze the key reasons why they were or were not in compliance.
Provide support for the rationale.
3. Analyze the actions
taken by Cardillo's outside auditors and evaluate the level of efficiency of
the audit risk management in this case study. Provide support for the
rationale.
4. Determine whether or
not the five (5) components of internal control were being followed. Support
the response with at least three (3) examples.
5. Create an argument
for or against whether auditors have a responsibility to assess the judgment of
the decisions made by Cardillo's management. Support the argument.
6. Use at least three
(3) quality academic resources in this assignment. Note: Wikipedia and similar
type Websites do not qualify as academic resources.
The
specific course learning outcomes associated with this assignment are:
·
Analyze the process and regulatory
requirements for professional ethical decision making.
·
Analyze the critical factors of business,
audit, and planning risks, and the process of managing these risks in audit
engagements.
·
Analyze an audit framework and assessment
process for evaluating the effectiveness of internal controls related to
financial reporting.
·
Use technology and information resources to
research issues in auditing.
·
Write clearly and concisely about auditing
using proper writing mechanics.
Please copy and
paste this site to your browser to read and review the case:
http://books.google.com/books?id=mbMJAAAAQBAJ&pg=PA295&lpg=PA295&dq=cardillo+travel+systems+inc+case&source=bl&ots=5RiCchykgM&sig=92nX9olkQ1nrYRCOISiPpYf9VjU&hl=en&sa=X&ei=TZABU-qHK-GsyAG0oYHADw&ved=0CDEQ6AEwAQ#v
=onepage&q=cardillo%20travel%20systems
%20inc%20case&f=false
Cardillo Travel Systems, Inc.
Write a five to six
(5-6) original and fresh page paper in which you:
1. Explain the
Securities and Exchange Commission's rationale to charge Cardillo executives
with each of the following violations:
a.
making false representations to outside
auditors
b.
failing to maintain accurate financial records
c.
failing to file prompt financial reports with
the SEC
d.
violating the insider trading provisions of
the federal securities laws
2. Determine who was in
violation or compliance of the AICPA's Code of Professional Conduct in this
case study and analyze the key reasons why they were or were not in compliance.
Provide support for the rationale.
3. Analyze the actions
taken by Cardillo's outside auditors and evaluate the level of efficiency of
the audit risk management in this case study. Provide support for the
rationale.
4. Determine whether or
not the five (5) components of internal control were being followed. Support
the response with at least three (3) examples.
5. Create an argument
for or against whether auditors have a responsibility to assess the judgment of
the decisions made by Cardillo's management. Support the argument.
6. Use at least three
(3) quality academic resources in this assignment. Note: Wikipedia and similar
type Websites do not qualify as academic resources.
The
specific course learning outcomes associated with this assignment are:
·
Analyze the process and regulatory
requirements for professional ethical decision making.
·
Analyze the critical factors of business,
audit, and planning risks, and the process of managing these risks in audit
engagements.
·
Analyze an audit framework and assessment
process for evaluating the effectiveness of internal controls related to
financial reporting.
·
Use technology and information resources to
research issues in auditing.
·
Write clearly and concisely about auditing
using proper writing mechanics.
Please copy and
paste this site to your browser to read and review the case:
http://books.google.com/books?id=mbMJAAAAQBAJ&pg=PA295&lpg=PA295&dq=cardillo+travel+systems+inc+case&source=bl&ots=5RiCchykgM&sig=92nX9olkQ1nrYRCOISiPpYf9VjU&hl=en&sa=X&ei=TZABU-qHK-GsyAG0oYHADw&ved=0CDEQ6AEwAQ#v
=onepage&q=cardillo%20travel%20systems
%20inc%20case&f=false
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