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3. Before your meeting with the vice president for internal audit, you think about the variety of peculiar circumstances surrounding the special project for the

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3. Before your meeting with the vice president for internal audit, you think about the variety of peculiar circumstances surrounding the special project for the CFO. Discuss at least three things you think are peculiar circumstances surrounding the special project. 4. Your meeting with internal audit was short and unpleasant. The vice president indicated that she had discussed her findings with the CFO before meeting with you. The CFO claimed that he too had noticed the peculiar trend in the fixed asset turnover ratio, but that he hadn't had a chance to investigate it further. He urged internal audit to get to the bottom of things, suggesting that perhaps someone might be making unapproved journal entries. Internal audit had identified you as the source of the journal entries and had been unable to find any documents that approved or substantiated the entries. She ended the meeting by advising you to find a good lawyer. Discuss in a few sentences, how should you have handled the situation with the CFO in order to avoid your lawsuit. 5. In the real case on which this one is based, the internal auditors agonized over the question of whether they had uncovered a fraud or whether they were jumping to the wrong conclusion. The Wall Street Journal mentioned this on October 30, 2002, by stating, it was clear ... that their findings would be devastating for the company. They worried about whether their revelations would result in layoffs. Plus, they feared that they would somehow end up being blamed for the mess. Beyond the personal consequences mentioned in this quote, discuss in a few sentences what other groups could be affected by the findings of the internal auditors and how the findings would potentially affect them. 3. Before your meeting with the vice president for internal audit, you think about the variety of peculiar circumstances surrounding the special project for the CFO. Discuss at least three things you think are peculiar circumstances surrounding the special project. 4. Your meeting with internal audit was short and unpleasant. The vice president indicated that she had discussed her findings with the CFO before meeting with you. The CFO claimed that he too had noticed the peculiar trend in the fixed asset turnover ratio, but that he hadn't had a chance to investigate it further. He urged internal audit to get to the bottom of things, suggesting that perhaps someone might be making unapproved journal entries. Internal audit had identified you as the source of the journal entries and had been unable to find any documents that approved or substantiated the entries. She ended the meeting by advising you to find a good lawyer. Discuss in a few sentences, how should you have handled the situation with the CFO in order to avoid your lawsuit. 5. In the real case on which this one is based, the internal auditors agonized over the question of whether they had uncovered a fraud or whether they were jumping to the wrong conclusion. The Wall Street Journal mentioned this on October 30, 2002, by stating, it was clear ... that their findings would be devastating for the company. They worried about whether their revelations would result in layoffs. Plus, they feared that they would somehow end up being blamed for the mess. Beyond the personal consequences mentioned in this quote, discuss in a few sentences what other groups could be affected by the findings of the internal auditors and how the findings would potentially affect them

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