Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3. E&Y auditors testified before the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations on November 5, 2003, regarding the fraud at HealthSouth.
3. E&Y auditors testified before the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations on November 5, 2003, regarding the fraud at HealthSouth. The case website (http://www.healthsouthcase.weebly.com) contains links to video and transcript of auditor testimony, as well as Subcommittee exhibits (including audit workpapers) pertinent to auditor testimony. Based on the testimony and exhibits, consider the following issues raised during the hearing and discuss how each contributes to your opinion regarding E&Y's degree of (or lack of ) negligence in the audit of HealthSouth: a. Emails from Michael Vines and "Fleeced Shareholder" b. Center for Financial Research and Analysis (CFRA) Report c. Auditor responses in internal control and fraud consideration questionnaires, and other internal control-related matters d. Pristine audits e. E&Y's lack of knowledge of Vice President of Finance Diana Henze's reporting of fraud to HealthSouth's Corporate Compliance Department
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started