Auditing Case involving Accounting Scandal Paper

• From accounting journals published for the industry, choose one recent article which references financial auditing case which resulted in the discovery of an accounting scandal.
• The article can come from the Internet or a hard copy publication such as the CPA Journal, The Accountant or The Accounting Review.
• Prepare a paper of the article which discusses: 1) the public company being audited including its size and nature of the business; 2) identifies the auditors and the audit procedures applied by the auditors to reveal the accounting scandal; 3) the magnitude of the scandal and the penalties applied to those involved in the fraud; and 4) what the public company could have done differently to prevent the fraud from occurring.
• Provide your opinion and comments about the article
• Provide a statement of whether you think this assignment was of value.

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