Questions

Was TierOne's accounting for the loan$-$loss reserve indicative of "managed earnings"? How would you make that determination?

What is the purpose of the auditor's assessment of ICFR? Describe the deficiencies in KPMG$\text{'}$s audit work in that regard?

Would you conclude from the facts of this case that TierOne's fraud caused KPMG$\text{'}$s auditing standards violations? Explain.

Which rules of conduct in the AICPA Code were violated by KPMG auditors? Be specific.