3 page due 1700hrs

Auditing Paper, ZZZZ Best Company 1)An introduction covering the background information of the case (1- 2 paragraphs). (2) Key issues of the case (about two pages). Here you would identify and discuss the various accounting fraudulent activities that occurred at ZZZZ Best Company, Inc. I would like you to discuss why ZZZZ Best’s auditors were unable to prevent them from engaging in fraudulent activities. From an auditing standpoint, what audit procedures should Ernst and Whinney have conducted to detect the fraudulent accounting by ZZZZ Best’s management? One way you can approach this analysis is to identify the fraudulent accounting actions that occurred at ZZZZ Best, and discuss the audit procedures that should have been followed to detect the fraud. You will find some discussion of the omitted audit procedures in the case. However, you should provide additional insights based on our class discussions and from other sources such as your textbook and auditing standards. (3) Conclusion (1-2 paragraphs) Include a cover page with your name on it. The report should not exceed three pages(double-spaced with sufficient margins), excluding the cover page. It should be formatted using Times New Roman 12-point font. Your name should appear on the cover page only