chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://uwaterloo.ca/centre-for-accounting-ethics/sites/default/files/uploads/files/atlas_cold_storage_case.pdf Case Study: Atlas Cold Storage Inc

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Case Study: Atlas Cold Storage Inc. 

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1. Cheating occurs at many levels within a firm. In the case study, the president engaged in several questionable activities with the company's financial statements. What might have been the ethical decision that Ernst Young (E&Y) faced with the client?
2. After reading the charges made by the OSC, explain how a deontological approach may have helped avoid each charge.
3. What are the duties of management and ownership regarding the stakeholders of Atlas? In what ways did management fail?
4. What items should have been noticed by the auditors?
5. Describe any specific internal controls that might have prevented this situation.

Requirements:

• Your written paper should be 3-4 pages in length not counting the title and reference pages, which you must include.
• Use terms, evidence, and concepts from class readings.
• You need to cite at least three sources for this assignment, outside of the textbook. The case can be a source