Business Finance Homework Help

Review the Cardillo Travel Systems case in your
textbook.

Write a four to five (4-5) page paper in which you:

1. Explain the Securities and Exchange Commission’s
rationale to charge Cardillo executives with each of the following
violations:

1. making false representations to outside auditors

1. failing to maintain accurate financial records

1. failing to file prompt financial reports with the SEC

1. violating the insider trading provisions of the federal securities
   laws

2. Determine who was in violation or compliance of
the AICPA’s Code of Professional Conduct in this case study and analyze the key
reasons why they were or were not in compliance. Provide support for the
rationale.

3. Analyze the actions taken by Cardillo’s outside
auditors and evaluate the level of efficiency of the audit risk management in
this case study. Provide support for the rationale.

4. Determine whether or not the five (5) components
of internal control were being followed. Support the response with at least two
(2) examples.

5. Create an argument for or against whether
auditors have a responsibility to assess the judgment of the decisions made by
Cardillo’s management. Support the argument.

6. Use at least two (2) quality academic resources
in this assignment. Note: Wikipedia and similar type Websites do not qualify as
academic resources.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch
  margins on all sides; citations and references must follow APA or
  school-specific format. Check with your professor for any additional
  instructions.

• Include a cover page containing the title of the assignment, the student’s
  name, the professor’s name, the course title, and the date. The cover page and
  the reference page are not included in the required assignment page
  length.

The specific course learning outcomes associated with this assignment
are:

• Analyze the process and regulatory requirements for professional ethical
  decision making.

• Analyze the critical factors of business, audit, and planning risks, and the
  process of managing these risks in audit engagements.

• Analyze an audit framework and assessment process for evaluating the
  effectiveness of internal controls related to financial
  reporting.

• Use technology and information resources to research issues in
  auditing.

• Write clearly and concisely about auditing using proper writing mechanics.