Parmalat s.p.a. accounting scandal

Instructions

1. paper between 8 and 10 pages long, double spaced.
2. The term paper should include and contain the following information:
3. a) Background of the company.
4. b) The facts of the audit failure.
5. I) What went wrong with the company?
6. II) Who uncovered the audit failure and how?

III)                 Where were the auditors? What went wrong with the audit or auditors.

1. c) The consequences of the failure.
2. I) New auditing standards.
3. II) What was the effect on the profession, if anything?
4. d) Conclusion

Basically this paper is on accounting failure of Parmalat company – any resources can be used (preferrably more than 2-3 different articles). The paper MUST have your opinion and preferably a section “what could be done differently to avoid this situation” (if possible). Professor will use a tool to check for plagiarism so if article has taken online then it MUST be changed

possible articles to use:

 https://www.reuters.com/article/parmalat/factbox-main-facts-about-collapse-of-italys-parmalat-idUSLDE6B81RT20101209

Parmalat

https://www.reuters.com/article/us-parmalat/parmalat-founder-sentenced-in-companys-collapse-idUKTRE6B84AJ20101209

Case Study on Parmalat Accounting Scam

Please don’t apply if you feel like you won’t follow the requirements and just copy everything without giving any opinion of your own