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This Tutorial contains 2 Different Papers
Determine the regulatory oversight that was in place while the Ponzi
scheme was operating, and speculate on the main reasons why they
did not discover the scheme.
Assume you are an auditor for a firm that had $10 million dollars
invested in Madoff Securities.
Determine the fundamental audit procedures that you should have
applied to this investment.
Predict the way in which a peer review of Friehling and Horowitz
would have uncovered the scheme related to Madoff Securities.
Pretend you are Harry Markopolos and suggest one (1) strategy,
different from that of the case study, to expose the potential fraud.
Provide a rationale to support the suggestion.
Analyze the role of the audit committee for Madoff Securities in
regard to the discovery of Ponzi scheme, and suggest one (1) action
the audit committee could have taken in order to prevent or detect
the fraud. Provide a rationale to support the suggestion
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ACC 562 Week 3 DQs
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From the case study, use the ethical framework to propose a course
of action that you would take concerning the audit. Provide a
rationale for your response.
Imagine that you work for an audit firm and the firm selected you to
assess its auditor independence and the potential threats to the firm.
Determine at least two (2) potential threats to auditor independence