Essay, Finance and Accounting

Project description
SCENARIO: THIS IS BASED ON A CURRENT INVESTIGATION AND CAN BE RESEARCHED ACCORDINGLY.

You are a Senior Auditor with a prestigious firm.

You were called into a partners meeting during their discussion of the recent Wells Fargo Bank scandal, which involves the unilateral issuance of fake checking accounts to customers without consent.

An update has indicated that Senator Elizabeth Warren (D-Massachusetts) is now targeting the banks auditor (KPMG) for its failure to discover the fraud during yearly audits they conducted while the fraud was taking place.

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You have been assigned to prepare an informative/educational report to be disseminated to your firms auditors with focus on an in-depth presentation of the:

1.) Wells Fargo facts;

2.) Civil and Criminal charges Wells Fargo personnel may be exposed to;

3.) KPMGs duties in auditing the bank;

4.) Statements of Auditing Standards (SAS), specifically No. 99;

5.) Civil and Criminal charges KPMG may be exposed to; and

6.) A summation of the current state of affairs involving this case.

The partners are clear that your report MUST be written with impeccable formatting and MUST be explained in great detail as it will be distributed to all auditors, which include inexperienced, new hires.

You have until Thursday, November 17, 2016 11:59pm to remit your report for review. This date will ensure you will have a Thanksgiving Holiday that is not shadowed by the due date of an added assignment.

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NOTE from Professor JD:

Ladies and Gentlemen,

By now you should have an understanding of my viewpoint as to assigning mandatory pages and formats.

I find them distracting and problematic for the writer and somewhat irritating to the reader who may be confronted with a circular argument simply to meet a page number requirement.

Therefore, remit a paper that adequately represents your work product in a concise and professionally formatted manner.

All writings must be presented in an orderly fashion that addresses every single aspect of the assignment, in great detail that addresses all 6 points assigned by the partners.

Citations and a bibliography are required, as in most legal writings, to ensure accuracy of information, assist with future research/argument and avoidance of plagiarism.

Said citations and bibliography are required for this assignment!

Finally, to be consistent with the legal theme of this course you MUST remit your papers as follows:

Courier New 12-point Font

1.5 spacing

I also recommend, as I have in the past, to prepare your submissions with the use of Headings, as follows:
Introduction

Explaining the purpose of the report (your readers will be auditors who need to know the purpose of the writing)

Facts

Issues you will be discussing

Issues

State the specific issue to be discussed in the Heading

There is no set number of issues; segment by all issues required to adequately and fully inform/educate your firms auditors

Conclusion

Summarize your paper and provide a conclusion.

NOTE: There should be NO issues discussed here that have not been presented in the paper prior to the Conclusion.

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