Description
Utilizing the attached Case 5-7 Diamond Foods Case and Fraud Tringle, AND
Utilizing 15 scholarly, peer-reviewed journal articles from the most recent five years (2016 -2021) AND
Utilizing 5 other journal articles from the most recent five years (2016-2021):
Write a 15-page paper based upon the instructions below and in the following format utilizing Time New Roman and Size 12 font and full APA -7th Edition format.
Please include an abstract, but a table of contents is not required.
Paper One Assignment
Abstract
Pages 1 and 2
Introduction of the paper and case overview
Page 3
Research summary related to business/audit risk
Pages 4 and 5
Research summary related to fraud prevention/corporate
governance
Page 6
Case 5-7 question one response
-Use the Fraud Triangle to analyze the business and audit
risks that existed at Diamond Foods during the period of
its accounting fraud.
Pages 7 and 8
Research summary related to auditor obligations
Pages 9 and 10
Case 5-7 question two response
– How would you characterize Diamond’s accounting?
– Did they commit an error in recording walnut grower
payments?
– Was it an illegal act?
– Was it a fraudulent act?
– For each one, explain the reporting requirements for
Deloitte assuming they were aware of the transactions.
Page 11
-Case 5-7 question three response
-What are the auditors’ obligations with respect to
accounting estimates and judgements made by
management?
-Explain any concerns that should have existed about these
areas of the audit.
-Assume that Deloitte was aware of these issues – would
any of them rise to the level of a critical audit matter?
Explain.
