18 February 2015
Northern Frontier Parks, Inc.
1. After reading the case, I would say that the engagement risk the auditors are facing is fairly high. Up until 1999, George Newton, the current CEO/CFO of Northern Frontier Parks, Inc., was responsible for creating the financial statements, which were not being audited or reviewed by anybody. This is an issue because without an audit, there is no way to ensure the company’s financials ...