ACC 562 Week 3 DQs
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 --------------------------------------------------------------
ACC 562 Week 3 DQs
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