Business Finance Homework Help

Option #1: Case Study, Atlas Cold Storage Inc 

Review the Case Study: Atlas Cold Storage Inc. (Links to an external site.) (Link at bottom of page).

Cheating occurs at many levels within a firm. In the case study, the  president engaged in several questionable activities with the company’s  financial statements. What might have been the ethical decision that  Ernst Young (E&Y) faced with the client?

1. After reading the charges made by the OSC, explain how a deontological approach may have helped avoid each charge.
2. What are the duties of management and ownership in regard to the stakeholders of Atlas? In what ways did management fail?
3. What items should have been noticed by the auditors?
4. Describe any specific internal controls that might have prevented this situation.

Review the Module 3 Critical Thinking Rubric for full details on how you will be graded on this assignment.

Reference: Boritz, J. E., Robinson, L.A. (n.d.) Atlas Cold Storage Inc.  Waterloo, Ontario, Canada: University of Waterloo. Retrieved from  https://uwaterloo.ca/centre-for-accounting-ethics/…