DescriptionUtilizing the attached Case 5-7 Diamond Foods Case and Fraud Tringle, ANDUtilizing 15 scholarly, peer-reviewed journal articles from the most recent five years (2016 -2021) ANDUtilizing 5 other journal articles from the most recent five years (2016-2021):Write a 15-page paper based upon the instructions below and in the following format utilizing Time New Roman and Size 12 font and full APA -7th Edition format. Please include an abstract, but a table of contents is not required. Paper One AssignmentAbstractPages 1 and 2 Introduction of the paper and case overview Page 3 Research summary related to business/audit risk Pages 4 and 5 Research summary related to fraud prevention/corporate governance Page 6 Case 5-7 question one response -Use the Fraud Triangle to analyze the business and audit risks that existed at Diamond Foods during the period of its accounting fraud.Pages 7 and 8 Research summary related to auditor obligations Pages 9 and 10 Case 5-7 question two response – How would you characterize Diamonds accounting? – Did they commit an error in recording walnut grower payments? – Was it an illegal act? – Was it a fraudulent act? – For each one, explain the reporting requirements for Deloitte assuming they were aware of the transactions.Page 11 -Case 5-7 question three response -What are the auditors obligations with respect to accounting estimates and judgements made by management? -Explain any concerns that should have existed about these areas of the audit. -Assume that Deloitte was aware of these issues would any of them rise to the level of a critical audit matter? Explain.Pages 12 13 Research summary related to the role of financial analysts Page 14 Case 5-7 question four response -Do you think non-GAAP information, such as that provided to financial analysts, should be audited? -Consider the value of such information to the users of financial reports in answering this question.Page 15 -Conclusion Textbook for Case 5-2Higgins, R.C., Koski, J.L., & Mitton T. (2021). Analysis for financial management (Twelfth). New York, NY: McGraw-Hill Education.
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