1. Analyze the facts of the case using the Fraud Triangle, include a discussion of the weaknesses in internal control. 2. Which rules of professional conduct should Vick consider in deciding on a course of action? Explain. What are Vick ethical obligations in this matter? 3. Use the Giving Voice of Values framework to help Vick decide on his next course of action. Why do you recommend it?
kmarks People Window Help D) 58% D Wed 7:42 PM liminators onlin x & Application for Travel D x G Analyze the facts of thi x U Case 5-1 Loyalty and F x ct/hmEBook do?setTabasectionTabs jump to pg go book contents search ebook $50,000. promise to pay it back, just as you did. You know I'm good for it." Vick reacted angrily, saying, "You told me to skip the bank reconciliations-that you would do them yourself. Itrusted you." know. Listen, do this one favor for me, and never ask you again." Vick grew increasingly uneasy. He told Ethan he needed to think about it... his relationship with the auditors was at stake. Questions 1. Analyze the facts of t Case using the Fraud Triangle. Include a discussion of the wea es in internal controls 2. Which rules of professional conduct should Vick consider in deciding on a course of action? Explain. What are Vick's ethical obligations in this matter? 3. Use the "Giving voice to values" framework to help Vick decide on his next course of action. Why do you recommend it? Page 315 Case 5-2 ZZZZ Best! The story of zzzz Best is one of greed and audaciousness. It is the story of a 15-year-old boy from Reseda, Calfornia, who was driven to be regardless of the costs. His name is Barry Minkow, Authough this case dates back over 30 years, itdoes serve as an example of what can happen when auditors do not look too hard to find fraud. Minkow d high hopes to make it big-to be very early in life. He started a carpet cleaning business in the garage of his home. Minkow realized early on that he was not going to become a millionaire cleaning other people's carpets, but that he could in the insurance restoration business. In other words. zzzz Best would contract to do carpet and drapery cleaning jobs after a fire or flood Because the kmarks People Window Help D) 58% D Wed 7:42 PM liminators onlin x & Application for Travel D x G Analyze the facts of thi x U Case 5-1 Loyalty and F x ct/hmEBook do?setTabasectionTabs jump to pg go book contents search ebook $50,000. promise to pay it back, just as you did. You know I'm good for it." Vick reacted angrily, saying, "You told me to skip the bank reconciliations-that you would do them yourself. Itrusted you." know. Listen, do this one favor for me, and never ask you again." Vick grew increasingly uneasy. He told Ethan he needed to think about it... his relationship with the auditors was at stake. Questions 1. Analyze the facts of t Case using the Fraud Triangle. Include a discussion of the wea es in internal controls 2. Which rules of professional conduct should Vick consider in deciding on a course of action? Explain. What are Vick's ethical obligations in this matter? 3. Use the "Giving voice to values" framework to help Vick decide on his next course of action. Why do you recommend it? Page 315 Case 5-2 ZZZZ Best! The story of zzzz Best is one of greed and audaciousness. It is the story of a 15-year-old boy from Reseda, Calfornia, who was driven to be regardless of the costs. His name is Barry Minkow, Authough this case dates back over 30 years, itdoes serve as an example of what can happen when auditors do not look too hard to find fraud. Minkow d high hopes to make it big-to be very early in life. He started a carpet cleaning business in the garage of his home. Minkow realized early on that he was not going to become a millionaire cleaning other people's carpets, but that he could in the insurance restoration business. In other words. zzzz Best would contract to do carpet and drapery cleaning jobs after a fire or flood Because the
