paper will be taking a shallow dive into the specific case of fraud and wrongdoings by the auditors of Live Entertainment Corporation of Canada, Inc., also known as Livent. I use the word shallow because an in-depth study encompasses horizons beyond what can be written in this paper. Fraud is a very broad topic generally, and this paper seeks to touch on a few regions of this topic and the role auditors’ play. I will be taking a look into Livent Inc. and the fraudulent scandals that terminated the company’s
MAA350 ETHICS AND FINANCIAL SERVICES Trimester 2, 2013 ASSIGNMENT: LIVENT, INC.: An Instructional Case PART A Question A1 Outline the frauds identified in the case and explain the inconsistencies with proper accounting treatment. Relate your answer to broad accounting concepts and accounting standards where relevant. (8 marks; approximately 800 words) Answer: Livent Inc. is a theatre production corporation registered in Toronto, Canada. Therefore, all