Assignment
Case: HealthSouth Corporation.
Questions
1. What is the nature of the contractual allowance account? Can you equate it to other allowance accounts? Explain the rules under GAAP to account for such allowances and why.
2. Personal morality and ethics make up the collective morality and ethics of a corporation. Given our discussion about the ethics of organizations in Chapter 3, evaluate the ethical climate at HealthSouth and the tone at the top established by key officers and company decisions.
3. Small concessions lead to greater compromises and, unchecked, will lead to serious ethical lapses and even crimes. Nobody sets out to end up in prison, but as detailed in the case, several people from HealthSouth in fact did end their careers that way; it all started with small, seemingly insignificant, compromises. Comment on these statements from the perspective of ethical decision making.
4. Looking at the findings of Craig Greene, the certified fraud examiner who investigated the HealthSouth fraud, explain why so-called red flags are important in an independent audit. In other words, what is the purpose of an auditor looking for financial information to sense the "alarm bells" that warn of danger ahead?
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 include 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.
Attachment:- Health-South-Corporation-Case.rar