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Please see attached file for the questions. They are discussions, please cite. If you cite please do not put all at the bottom without stating
Please see attached file for the questions. They are discussions, please cite. If you cite please do not put all at the bottom without stating what question it went to.
XYZ Company's CEO has asked you to serve on its board of directors. XYZ has had some past problems with fraud issues and the CEO is looking to you to help restore credibility. Analyze the functions of the board of directors and propose a plan to the CEO as to how you would operate as a board member. Support your plan with examples. You have been appointed to the audit committee at XYZ Company. In this role, you are considered the financial expert. The external auditors have approached you regarding the potential of a negative audit report for the financial statements. Develop a plan and process for how you would work with management and the external auditors to resolve the issues the auditors may have regarding the financial statements in order that the company could achieve an unqualified opinion. Support your plan with examples and provide a rationale for your plan. From the e-Activity, analyze the role that corporate governance played in enabling, preventing, or detecting the fraud. Make a recommendation as to how the role of corporate governance could have been improved to prevent or detect the fraud sooner. Support your recommendation with examples and provide a rationale. You are an external auditor reviewing the corporate governance at XYZ Company. Analyze the corporate governance functions and propose a plan of what function(s) you would target for your audit. Support your plan with examples. From the e-Activity, analyze management's role in the fraud and make recommendations as to how management could have prevented the fraud. Support your recommendation with examples. Imagine that you are a member of the management team and are having financial difficulties. You need money for a short period of time and plan to pay it back. Develop a scheme that is likely to be undetected by internal controls. Make recommendations that would prevent you from carrying out your scheme. Support your scheme and recommendations with examples. You are an auditor assigned to XYZ's Company's annual audit. The company has not reported an item because management's assertion is that the item is immaterial. You may agree or disagree. Construct an argument that supports whether you agree or disagree with management's assertion. Support your answer with examples. The Securities and Exchange Commission (SEC) is a key governing body when it comes to financial statements. Evaluate the effectiveness of the SEC over financial statement reporting and take a position as to its effectiveness. Construct an argument that supports your position that the SEC is not effective or is effective in regulating financial reporting. Support your answer with examplesStep by Step Solution
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