1.
Write a term paper between 8 and 10 pages long,
double spaced.
2.
The term paper should include and contain the
following information:
a) Background
of the company.
b) The
facts of the audit failure.
I)
What went wrong with the company?
II)
Who uncovered the audit failure and how?
III)
Where were the auditors? What went wrong with
the audit or auditors.
c) The
consequences of the failure.
I)
New auditing standards.
II)
What was the effect on the profession, if anything?
d) Conclusion