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Paper must be original please. Thank you. Information is attached Questions 1} Dearlove and Deloitte had identified the audit as posing much greater risk than normal. Describe the risk factors in the
Paper must be original please. Thank you. Information is attached
Questions
1} Dearlove and Deloitte had identified the audit as posing much greater risk than normal. Describe the risk factors in the case that most likely would have led to this conclusion.
2} Classify each of the accounting issues in the case into the financial shenanigans identified by Schilit in Chapter 7. Are there any accounting procedures that do not fit into one of the shenanigans? If not, make up a category to describe such procedures in a general way as did Schilit. Comment on the earnings management effects as well.
3} Describe each of the auditing standards and procedures the auditors failed to adhere to given the facts of the case. How did the failure of the auditors to follow them violate Deloitte’s ethical standards as evidenced by the deficiencies in the work of Dearlove and other members of the audit engagement team?
4} Analyze the actions of Deloitte and Dearlove from an ethical reasoning perspective.
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*** ** ***** *** *** ******** ** Rigas ******** ** ******** existed ** ****** **** ***** ******** took **** responsibility *** *** books *** *********** **** also made ** ******* ******* after *** close ** *** ********* ****** The effects *** that the ****** would ***** **** the ************ had *** *********** ***** *** ** ********* that *** ******** ** ***** entities ***** **** ************ Additionally ********** are only permissible **** dealing **** **** two parties ********* ******** ***** ****** ***** *** debt ** ******** belonged ** different ******** *** *** ******* *** ******* *** ******** of Rigas **************** **** ******* failed ** ****** ** *** **** *** *** *** engaging ** unprofessional ** unreasonable conduct The unreasonable conduct ****** **** ** * violation of ********** ************ ********* The **** ********** ************** conduct ** a violation ** **** ***** **** required **** more extensive involvement is ******** if ** ***** posed ******* **** ****** **** *** ******* **** Deloitte *** Dearlove’s ***** *** *** ****** ************ ********** ** Adelphia’s ***** ******** **** ****** ** previous audit ******* ******* the ****** in circumstances in *** ************ *** ******* had ***** rapidly *** increased its **** facilities *** ******** ****** ** increase the ****** ** ************ ********** ****** J * ****** * * ***** **** 017)Deloitte *********** ******** ******* ********* to ******* *** ***** ***** It ******** the *********** ** ********* ********** ** *** levels if the **** of the ***** *** **** ******** ****** ** adhere ** *** ******* ********* **** ** *** *** ******** ************ skepticism ** *** *** **** ** *********** related ***** ************ *** *** ** **** ** ensure the ******** ** ********** ********* The auditors **** unprofessional ***** **** ****** to explore *** ****** **** ******* *** ******* **** **** **** willing ** ******* ******** **** **** knew ************ ************ ******* ************** **** actions ** Deloitte were ********* **** the earliest ***** ******* Dearlove ***** **** ** used conclusions reached in the ********* ****** ** inform *** ****** *** ************ ******* * ******* **** ******* laxity ** *** ***** ***** It *** ******* to settle ******** but *** *** ****** *** ********** ******** ** ********* ***** ** ****** Adelphia’s business ******* ** adhering ** professionalismDearlove was ********* *** issuing false ***** reports ** was ***** ** *** ****** ** *** organization *** ***** issued a ****** **** ********* Adelphia’s good ****** ** *** aware **** *** ********** was ********** ** *** ********** He *** also ***** **** **** *** *** ****** to ***** recommendations *** ***** **** **** * ***** **** ** ****** ** was ********* since ** wanted ** ******** ** ******* **** *** defrauding *** investors ReferencesBalsam * ******* R H & ************** * ****** Related ***** ************ corporate governance *** *** compensation Journal of ******** ******* ***** ********** ******* ************ * * Dalton D * ***** Harp * L (2017) Neutral and *********** ***** ************ of ************ ********** and ******* *** ******** Accounting ************* *** ******* ** 1-20Franklin * ******** P & ****** * ****** ******* *** Notes ********** *** ******** ********** ****** Principles ** ********** ****** ** Financial 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