The suggested outline for the assignment is as follows:
1. Key issues of the case (about two pages).
Here you would identify and discuss the various accounting fraud that occurred at ZZZ Best Company, Inc. I would like you to discuss why the auditors wereunable to prevent them from engaging in fraudulent activities.
From an auditing standpoint, what audit procedures should the auditors have conducted to detect and stop the fraudulent accounting by the company's management? One way you can approach this analysis is to identify the fraudulent accounting actions that occurred at ZZZ Best Company, Inc. and discuss the audit procedures that should have been followed to detect and stop the fraud.
Note: in addition to using the case textbook for information, you should provide additionalinsights based on our class discussions and from other sources such as your textbook and auditingstandards.
Include a cover page with your names on it. The report should not exceed three pages (doublespacedwith sufficient margins), excluding the cover page. It should be formatted using TimesNew Roman 12-point font. Your names should appear on the cover page only (not included in thepage limit). Please do not write your names on any other page.
When sending me a revision, each individual person will send a brief reflection on working on a team. Write a paragraph describing your experience. Please answer the following questions: What did you learn from your partner? Was your writing style challenged? What was difficult working on a team? What can you change in the future to improve your experience?
Please upload me a copy of your assignments in Blackboard.
INSTRUCTIONS:
o Each Paragraph (Includes a topic sentence; Develops one main idea; Has a transition sentence (where necessary) linking it to the next paragraph)
o The entire composition (Is logically organized; Has a solid argument with supporting evidence)
o Main points (Are relevant to the thesis statement; Are discussed without too much repetition)
• Style (Is concise and precise)
• Grammar (Is free of misspellings; Is free of grammatical mistakes;Lacks incomplete sentences; Uses correct punctuation; Is free of jargon and clichés; Cites references correctly)