ACCT460-1204A-01 Professional Accounting AssignmentName: Unit 5 Discussion Board Deliverable Length: 250 words Details: An engagement team has been established to audit YUH Corporation. YUH...

ACCT460-1204A-01 Professional Accounting
AssignmentName:	Unit 5 Discussion Board
Deliverable Length:	250 words
Details:	An engagement team has been established to audit YUH Corporation. YUH Corporation engages in risking hedge fund investments in commodities: gold andsilver. The supervisor has asked that you apply an old valuation method that you know is not correct. His explanation is that it worked in the past so it will work now. You believe that the market has changed so much that valuation of the underlying asset cannot be based on past performance. The ability to price to market has been disqualified. The market is not normal. You propose a new, different method. Your model will lead to a higher valuation of the derivative investment. Your supervisor has told you, in no uncertain manner, that to disobey him will lead to future probation. Do you believe that you should listen to your supervisor? Why, or why not? What rules and regulations would guide the actions that you would take? What actions would you take, and why?
Grading Criteria
34%	Do you believe that you should listen to your supervisor? Why, or why not?
33%	What rules and regulations would guide the actions that you would take?
33%	What actions would you take, and why?

Objective:

?Develop a thorough understanding of accounting standards and principles. ? Prepare to practice in public and private accounting position.

ACCT460-1204A-01 Professional Accounting Assignment Name: Unit 5 Discussion Board Deliverable Length: 250 words Details: An engagement team has been established to audit YUH Corporation. YUH Corporation engages in risking hedge fund investments in commodities: gold and silver. The supervisor has asked that you apply an old valuation method that you know is not correct. His explanation is that it worked in the past so it will work now. You believe that the market has changed so much that valuation of the underlying asset cannot be based on past performance. The ability to price to market has been disqualified. The market is not normal. You propose a new, different method. Your model will lead to a higher valuation of the derivative investment. Your supervisor has told you, in no uncertain manner, that to disobey him will lead to future probation. · Do you believe that you should listen to your supervisor? Why, or why not? · What rules and regulations would guide the actions that you would take? · What actions would you take, and why? Grading Criteria 34% Do you believe that you should listen to your supervisor? Why, or why not? 33% What rules and regulations would guide the actions that you would take? 33% What actions would you take, and why? Objective:  Develop a thorough understanding of accounting standards and principles.  Prepare to practice in public and private accounting position.