Internal Control Environment

• From Case 5, discuss the role of the audit committee and its responsibilities.
  Determine whether the responsibility to hire and fire audit managers should have
  prevented the firing of the chief of internal auditing by Microsoft management
  for reporting fraudulent activity. Support your position.

http://www.aicpa.org/_catalogs/masterpage/Search.aspx?S=internal+control+over+fianncial+reporting

• Compare the existing internal control environment at Microsoft to
  management’s responsibility for designing effective internal controls outlined
  in the textbook, and identify the deficiencies that existed. Speculate on what
  types of internal controls could have been designed to detect the accounting
  irregularities, and provide at least two reasons why the internal controls that
  were in place at Microsoft were not effective in detecting the accounting
  errors. Provide specific examples.

This is a discussion question that don’t have to be no more than a paragraph or two.