Read the attached Sun City Savings and Loan Company case. Answer the following:In the last sentence...

Question

Read the attached Sun City Savings and Loan Company case. Answer the following:
In the last sentence of the case, Johnson states, “there could be serious consequences to several different parties whatever decision he (Johnson) makes.” Besides damage to Johnson’s “own career goals” and the potential “to lay off professional and staff employees” at Pina, Johnson & Associates, who are the “several different parties” to which Johnson refers and how might they be affected?
Length: 1 page

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Robert · Accepted Answer

Case of Sun City saving and loan company is a case based on ethical dilemma which 
involves its recent auditor Pina, Johnson & Associate. Auditors in the present case has to choose 
among two options available to them, one is to choose their personal interest and provide an 
unqualified audit report stating that the financial statements are true and fair, another option is to 
report the anomalies in the accounts and loose their audit engagement with Sun City savings and 
loan company. 
The major issue over which this dilemma has occurred is the deficiencies in the loan 
given to entities owned by Patricia Cabot, Sun City’s CEO and some of her business associates.

Read the attached Sun City Savings and Loan Company case. Answer the following: In the last sentence of the case, Johnson states, “there could be serious consequences to several different parties...

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