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Create a report that identifies and analyzes the below company that has been indicted for fraud. The report also will evaluate the auditor's role in
Create a report that identifies and analyzes the below company that has been indicted for fraud. The report also will evaluate the auditor's role in relation to the fraud.
- Conduct your research, as a case study for the following Company:
Bankrate Inc.
- Your report must describe the issues surrounding the company and any company policies in relationship to the impact those might have on public audits/accounting.
- Provide the following elements in your paper:
- An executive summary identifying the company, the fraud, the affected stakeholders, and the ultimate resolution
- A brief history of the company
- An analysis of the auditor's role in the fraud, including any auditing standards that the auditors did not follow
- Identification of internal controls that were circumvented or lacking and that could have prevented the fraud
- Identification of accounting policies currently in effect that are designed to prevent similar problems from occurring again, or, if no policy exists, a proposal for a solution that would prevent a recurrence.
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