You are going to discuss two different examples of ethical dilemma auditors can face. The first one is a fictitious case, Read the case (ignore the questions on the last page). The second one is an insider trading case involving an audit partner named Scott London, a scandal that actually happened.
1) https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos.prod/5a30bcf95ea52/10546998?X-Blackboard-Expiration=1612904400000&X-Blackboard-Signature=b%2FXZy%2FFp6iFYyTyif6Ic0l2SjdjhSm7%2BihGDgxWpNKE%3D&X-Blackboard-Client-Id=200078&response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27If%2520You%2520Need%2520Love%252C%2520Get%2520a%2520Puppy.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20210209T150000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAYDKQORRYTKBSBE4S%2F20210209%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=a8aa0fa31ccfd72cc6a2e6c2ea9fe9fd1be00079e0310ba7bdf97b8fcbaffefe
2) https://www.npr.org/sections/money/2015/12/23/460689797/episode-671-an-insider-trader-tells-all
nitial/Original PostAs you can see in the examples above, auditors are likely to face various types of threats to independence. In an initial post, please respond to following:
- “If You Want Love…” Case: I 1) How do you think is the title of the case relevant to the situation described in the case? 2) dentify one or more ‘threats to independence’ (discussed in Module B of the textbook) relevant to the situation.
- Scott London Case: While “If You Want Love..” depicts a common ethical dilemma auditors can face, Scott London case is rather unique. Discuss what surprised you about this case.
- Discuss factors that affect auditors’ decisions/actions in an ethical dilemma and why it can be difficult to do the right thing.
*Note: Please use the two references that I wrote.
