Audit case: Read the following case and answer the questions.
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Your case analysis submissions should include the following:
• Section 1: A brief summary of the key facts of the case – this should be no longer than a paragraph (or one slide for presenting groups).
• Section 2: A list of the professional standards applicable to the case. Each of your listings should include the codification number and title of the standard as well as a reference to the pertinent paragraph(s) within the standard if appropriate. E.g. PCAOB AS 2401: Consideration of Fraud in a Financial Statement Audit paragraphs .13–.52
• Section 3: Responses to all the questions required for the case study. Be sure to support your response with cites of applicable standards (which you would have listed above) as appropriate. Organize your responses in the same order the questions are asked in the case study. Start each response by first restating the question.
• Section 4: Reflect on all of the questions/responses in section three. Given your critical analysis of the case materials, think about any other relevant questions about the case you would like to have answers to that weren’t asked as part of the required case study questions. List 1–3 questions you would like to pose to the group leading the case study presentation in class. Posing your questions live during our case discussions in class will help stimulate further discussion of case issues and contribute to your participation grade in the class
For Section 3, please answer the Question 1-6.
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