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ACC 562 Week 3 Assignment 1 – Nextcard, Inc
Read the case study titled “Nextcard, Inc.” prior to doing this assignment.
Write a four to five (4-5) page paper in which you:
1. Given PCAOB oversight of accounting firms and the AICPA Code of Conduct,
discuss whether or not you believe that public accounting firms can successfully
manipulate audit work papers and records of clients engaged in fraudulent activity.
2. Analyze the fraud risk factors presented during the 2000 Nextcard audit and how
each should have impacted the audit procedures.
3. In the Nextcard case, discuss how Ernst & Young’s motivation to destroy the
audit work papers reconciles with its obligation to provide assurances to financial
investors.
4. Assume the role of Oliver Flanagan in the case. Identify the actions you would
have taken when Robert Trauger asked you to help him alter the 2000 Nextcard
audit work papers. In answering this question, discuss alternative courses of action
available to you.
5. Search the Internet for a public accounting firm that recently destroyed audit
evidence related to a client. Identify the public accounting firm and evaluate the
punishment that the firm received for the Professional Code of Conduct violation.
Evaluate the severity of the punishment to determine whether you agree or disagree
with the severity.
6. Use at least three (3) quality resources in this assignment.
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Click Link Below To Buy:
http://hwcampus.com/shop/acc-562/acc-562-week-3-assignment-1-nextcard-inc/
Or Visit www.hwcampus.com
Product Description
ACC 562 Week 3 Assignment 1 – Nextcard, Inc
Read the case study titled “Nextcard, Inc.” prior to doing this assignment.
Write a four to five (4-5) page paper in which you:
1. Given PCAOB oversight of accounting firms and the AICPA Code of Conduct,
discuss whether or not you believe that public accounting firms can successfully
manipulate audit work papers and records of clients engaged in fraudulent activity.
2. Analyze the fraud risk factors presented during the 2000 Nextcard audit and how
each should have impacted the audit procedures.
3. In the Nextcard case, discuss how Ernst & Young’s motivation to destroy the
audit work papers reconciles with its obligation to provide assurances to financial
investors.
4. Assume the role of Oliver Flanagan in the case. Identify the actions you would
have taken when Robert Trauger asked you to help him alter the 2000 Nextcard
audit work papers. In answering this question, discuss alternative courses of action
available to you.
5. Search the Internet for a public accounting firm that recently destroyed audit
evidence related to a client. Identify the public accounting firm and evaluate the
punishment that the firm received for the Professional Code of Conduct violation.
Evaluate the severity of the punishment to determine whether you agree or disagree
with the severity.
6. Use at least three (3) quality resources in this assignment.