National American University Accounting Procedures Communications Case Study

Description

Dearlove and Deloitte had identified the audit as posing much greater risk than normal. Describe the risk factors in the case that most likely would have led to this conclusion.
Classify each of the accounting issues in the case into the financial shenanigans identified by Schilit in Chapter 7. Are there any accounting procedures that do not fit into one of the shenanigans? If not, make up a category to describe such procedures in a general way as did Schilit. Comment on the earnings management effects as well.
Describe each of the auditing standards and procedures the auditors failed to adhere to given the facts of the case. How did the failure of the auditors to follow them violate Deloittes ethical standards as evidenced by the deficiencies in the work of Dearlove and other members of the audit engagement team?
Analyze the actions of Deloitte and Dearlove from an ethical reasoning perspective.

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