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Case Study: Atlas Cold Storage Inc.
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- Cheating occurs at many levels within a firm. In the case study, the president engaged in several questionable activities with the company’s financial statements. What might have been the ethical decision that Ernst Young (E&Y) faced with the client?
- After reading the charges made by the OSC, explain how a deontological approach may have helped avoid each charge.
- What are the duties of management and ownership regarding the stakeholders of Atlas? In what ways did management fail?
- What items should have been noticed by the auditors?
- Describe any specific internal controls that might have prevented this situation.
Requirements:
- Your written paper should be 3-4 pages in length not counting the title and reference pages, which you must include.
- Use terms, evidence, and concepts from class readings.
- You need to cite at least three sources for this assignment, outside of the textbook. The case can be a source