Ashford ACC 618 ACC/618 ACC618 Week 5 Assignment Case Study – Groupon

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ACC 618 Week 5 Assignment Case Study – Groupon / Professional Ethics for the Accountant

Case Study: Groupon [CLOs: 1, 4]. Due by Day 7. Read Case Study 5-10: Groupon in Chapter 5, page 333 of your text.

In two to three pages, supported by evidence from your text and from other research (at least one resource is required), answer the following questions:

  1. What is the responsibility of management and the auditor with respect to the internal controls of a client?
  2. Groupon disclosed a “material weakness” in its internal controls saying that it had failed to set aside

    enough money to cover customer refunds. Do you believe the company engaged in fraud with respect to

    customer refunds? Why or why not?

  3. Groupon blamed EY for the admission of the internal control failure to spot the material weakness. Do

    you agree that EY should have spotted the internal control weakness earlier and taken appropriate action? Include in your response the role that risk assessment should have played in EY’s actions.

The paper

  •  Must be two to three double-spaced pages in length (not including title and references pages) and

    formatted according to APA style as outlined in the Ashford Writing Center.

  •  Must include a separate title page with the following:

    o Titleofpaper
    o Student’sname
    o Coursenameandnumber

    o Instructor’s name

    o Datesubmitted

    •  Must use at least two scholarly sources in addition to the course text.
    •  Must document all sources in APA style as outlined in the Ashford Writing Center.