Olympus auditing scandal

Added on - 28 May 2020

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Running head: AUDITINGAuditingName of the Student:Name of the University:Author Note
1AUDITINGTable of ContentsIntroduction......................................................................................................................................3Auditing Scandal by Rolls-Royce...................................................................................................3Auditor of Rolls-Royce................................................................................................................4Initiative taken by KPMG............................................................................................................5Auditing Scandal by Olympus Corporation....................................................................................5Auditor of Olympus Corporation and initiatives taken by them.................................................6Improvements that have taken place in the auditing standards and principles since then...............6Recommendation.............................................................................................................................7Conclusion.......................................................................................................................................8References........................................................................................................................................9
2AUDITINGExecutive SummaryThe issue that has been presented in this particular study is that the role of the auditors inmitigating the accounting scandals has been asked to identify. The accounting scandals havebeen a common occurrence and it has been found that the firms that have been involved withsuch corruptions usually have been the big players of the industry. The accounting scandals thathave been chosen for understanding the role of the auditors and other related issues are theparticular scandals by Rolls-Royce and Olympus Corporation.This particular study aims to provide an overview into the selected accounting scandals,the roles of the auditors auditing the scandals and the ways in which the particular situationscould have been improved in order to avert or mitigate such an occurrence.
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