Advanced AuditingProfessor Whisenant Assignment #1 Due week of FEB6

Advanced AuditingProfessor Whisenant Assignment #1 Due week of FEB6

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Advanced Auditing Professor Whisenant Assignment #1 Due: Week 4 (week beginning Feb 6) Each student will summarize the Koss (CIK = 56701) fraud facts and then answer the following questions. Beginning with fiscal year ending 6/30/2002 and ending with 6/30/2011: 1. Who was the auditor for each year and what were the audit fees and what type of financial statement and ICOFR opinion did the company receive? This is factual in nature, no need to make arguments for or against.
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Unformatted text preview: Was the following the primary contributor to the fraud? Write reasons why each is and is not to blame. Each answer MUST argue why each party or entity shown below was AND was not the primary contributor to the KOSS fraud. 1. The auditors (GT and/or PWC)? 2. Koss (the company) and its management and its Board and its employees (including the CFO)? 3. SOX? 4. Financial reporting regulator (i.e., the SEC)? 5. Auditing standards regulator (i.e., the PCAOB)?...
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