Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John C. Beale was a senior policy advisor with the U.S. Environmental Protection Agency. In late 2013, however, he was sentenced to prison for stealing

John C. Beale was a senior policy advisor with the U.S. Environmental Protection Agency. In late 2013, however, he was sentenced to prison for stealing close to $900,000 in taxpayer funds. According to Marimow and Bernstein (2013):Beale had skipped out on work for years by telling a series of supervisors ... that he was doing top-secret work for the CIA. He was paid for a total of 2 years of work he did not perform since early 2000 and received about $500,000 in bonuses he did not deserve, according to his plea agreement. He lied about contracting malaria to obtain a reserved parking space that cost the EPA $8,000 over three years. He took trips to visit his family in Los Angeles for which he charged the government more than $57,000.He had retired from the EPA in April after learning he was under investigation.Source: A. Marimow and L. Bernstein, "EPA Official, Who Pretended to Work for the CIA, Sentenced to 32 Months," Washington Post, December 2013.a.Which type(s) of audits discussed in the chapter are relevant to this situation? Why? (15 pts)b.The Audit Clarity Project standards apply to financial statement audits. Using Table 17.1 as a guide, prepare a memo that summarizes Beale's case. (25 pts)c.How is the Beale case related to other topics you've discussed in your AIS course? (10 pts)

image text in transcribed
able l7.l laments of the unmodied auditor's report Element Title Addressee Introductory paragraph Management's responsibilities Auditor's responsibilities Auditor's opinion Signature, address and date Explanation Must include the phrase \"independent auditor's report\" May be the board of directors, management or other parties Must identify the organization, the nancial statements audited and related information Financial statements and internal controls Performing an audit according to generally accepted auditing standards (GAAS) States that, in the auditor's opinion, the statements are fairly presented Audit nn's information

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts Financial Analysis

Authors: Gary Giroux

1st Edition

047146712X, 9780471467120

More Books

Students also viewed these Accounting questions

Question

The quality of the argumentation

Answered: 1 week ago