ACC 562 Week 3 DQs
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