AUDITING

LO: After completing and discussing this case, you should be able to:

• Find important facts about executives and employees
• Develop skepticism
• Collect evidence from internet

The following is a list of alleged facts concerning Jeffrey K Skilling.

• I was born in 27^th January 1969.
• My social security number is 241-85-5532.
• I became the CEO of a major energy company in 1^st February 2001, but I resigned from the company on 14^th August 2001. I joined the company in June 1990.
• My last name means a former silver coin of Denmark.
• I currently reside near Littleton, Colorado.
• I have two daughters and two sons.
• I graduated in the top 10 percent of my Harvard Business School class.
• I received total cash compensation in 1999 of USD5,678,171.20
• I 1999, my social security taxes were USD76,200 and my Medicare taxes were USD81,996,134.79.
• I paid USD697,246.40 of Texas state income taxes.
• My credit score is 550.
• I have not been sued or had a prior arrest.
• I previously worked for McKinsey.
• I attended a conference in Aspen, Colorado in February 1994.

INSTRUCTIONS:

Your assignment is to verify whether the statements by Mr. Skilling are true. All of these questions have an absolute definitive answer, but you may not be able to find a single definitive source that provides you with the answer. In that case, you will need to make some investigative conclusion based on the evidence at hand that you have collected including verifications with multiple sources in some instances. Be skeptical; not every statement people make can be trusted.

Your answer to each question must use the given spreadsheet template.

Each of the above statement should have between 3-10 sources that you have research. Include BOTH sources that is both ?useful and ?useless? in the spreadsheet.

Important: You must conclude for each of the statement given, which sources/URL that provide most likely answer. It can be more than one source pointing to similar answer.

Happy hunting!

AUD589 / AUD390 3RD GROUP Assignment LO: After completing and discussing this case, you should be able to: Find important facts about executives and employees Develop skepticism Collect evidence from internet The following is a list of alleged facts concerning Jeffrey K Skilling. 1. I was born in 27th January 1969. 2. My social security number is 241-85-5532. 3. I became the CEO of a major energy company in 1 st February 2001, but I resigned from the company on 14th August 2001. I joined the company in June 1990. 4. My last name means a former silver coin of Denmark. 5. I currently reside near Littleton, Colorado. 6. I have two daughters and two sons. 7. I graduated in the top 10 percent of my Harvard Business School class. 8. I received total cash compensation in 1999 of USD5,678,171.20 9. I 1999, my social security taxes were USD76,200 and my Medicare taxes were USD81,996,134.79. 10. I paid USD697,246.40 of Texas state income taxes. 11. My credit score is 550. 12. I have not been sued or had a prior arrest. 13. I previously worked for McKinsey. 14. I attended a conference in Aspen, Colorado in February 1994. INSTRUCTIONS: Your assignment is to verify whether the statements by Mr. Skilling are true. All of these questions have an absolute definitive answer, but you may not be able to find a single definitive source that provides you with the answer. In that case, you will need to make some investigative conclusion based on the evidence at hand that you have collected including verifications with multiple sources in some instances. Be skeptical; not every statement people make can be trusted. Your answer to each question must use the given spreadsheet template. Each of the above statement should have between 3-10 sources that you have research. Include BOTH sources that is both 'useful and 'useless' in the spreadsheet. Important: You must conclude for each of the statement given, which sources/URL that provide most likely answer. It can be more than one source pointing to similar answer. Happy hunting