PAU3023 AUDITING

ASSIGNMENT: ACCOUNTING FRAUD

You are required to choose from the following list of companies and discuss its
financial statements fraud in recent years. Your discussion should also answer the
following questions:
a.
b.
c.
d.

What is the nature of the financial statement fraud in the company?

How financial statement frauds occur and are concealed?
What happens to the company now?
Discuss how the events that have so dramatically affected auditors and the
accounting profession since the Enron scandals may in some senses be
healthy for the profession?
e. Why is independence such an important standard for auditors? How does
auditor independence relate to the agency relationship between owners and
managers?
List of companies:
1. Lehman Brothers
2. Bernie Madoff Ponzi Scandal
3. Satyam
4. HealthSouth Scandal
5. Parmalat
6. Martha Stewarts Mess
7. Urban Bank Philippines
8. Deutsch Bank Spying Scandal
9. Transmile Group Malaysia
10.Merrill Lynch
11.Ahold

YOU ARE REQUIRED TO SUBMIT A WRITTEN REPORT(8-10 PAGES)ABOUT YOUR

CHOSEN COMPANIES.
REPORT DUE:WEEK 11