{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Advanced AuditingProfessor Whisenant Assignment #1 Due week of FEB6

Advanced AuditingProfessor Whisenant Assignment #1 Due week of FEB6

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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)?...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern