Sunday, February 24, 2013

Express Scripts sues E&Y

for theft of documents  http://online.wsj.com/article/SB10001424127887324616604578306650614568108.html?mod=djem_jiewr_AC_domainid

For discussion purposes in class, consider these posed by Reviewer Linda Christiansen, Indiana University Southeast
* QUESTIONS: *
1. (*Introductory*) What are the facts of this lawsuit? Who is the
plaintiff and who are the defendants? What is the issue in the case?

2. (*Advanced*) What is a "Big Four" accounting firm? What firms are in the
Big Four? What are all the various services offered by Big Four accounting
firms? How are Big Four firms different from other accounting firms? How
are they similar?

3. (*Advanced*) How can companies protect themselves from accountants and
consultants stealing confidential information and using it for other
purposes? In what ways can accountants and accounting firms be sanctioned
for such behavior?

4. (*Advanced*) The article states that Express Scripts uses three
different firms to do auditing work, tax, and consulting. Why would a
company use different CPA firms for different tasks? On the other hand, why
would a company use one firm for several tasks? With these factors in mind,
how should firms market their array of services?

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