The following questions are to be answered in your paper on the Carolina Wilderness Outfitters (CWO) dilemma. The questions are to be answered in as they are listed below.

1. The Issue: What Happened at CWO?

2. From an accounting perspective, what's the problem? Is there evidence of an accounting irregularity?

3. Is there anything remarkable about how Ramos handled her initial age discrimination and subsequent follow up investigation?

4. When does the audit committee have to be informed of the situation?

5. After speaking with Koster and Tomkin, should Ramos tell someone about her concerns? If so who should she tell?

6. Should Ramos approach her decision differently because it is the third quarter and not the fourth quarter?

7. Were there any pressures and opportunities that led to this potential fraud?

8. How much responsibility does the board of directors bear?

9. What is your assessment of the audit committee? How well did Sentor perform his role as audit committee chair? Did he have the right credentials to function as the "financial expert" on the committee?

10. What role did the compensation and incentive program play?