Assignment: Cardillo Travel Systems Case
Cardillo Travel Systems case in your textbook. Write a four to five (4-5) page paper in which you:
1. Explain the Securities and Exchange Commission's rationale to charge Cardillo executives with each of the following violations: making false representations to outside auditors failing to maintain accurate financial records failing to file prompt financial reports with the SEC violating the insider trading provisions of the federal securities laws.
2. Determine who was in violation or compliance of the AICPA's Code of Professional Conduct in this case study and analyze the key reasons why they were or were not in compliance. Provide support for the rationale.
3. Analyze the actions taken by Cardillo's outside auditors and evaluate the level of efficiency of the audit risk management in this case study. Provide support for the rationale.
4. Determine whether or not the five components of internal control were being followed. Support the response with at least two examples.
5. Create an argument for or against whether auditors have a responsibility to assess the judgment of the decisions made by Cardillo's management. Support the argument.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.