Some people believe that hiring an auditor is a waste of time and money. Even worse, some people believe the goal of an auditor is to catch someone who is behaving unethically or illegally.For your initial post to this discussion, research audit types other than a financial or forensic audit. Describe the purpose of each type of audit and provide an example from an actual audit case. Lastly, provide the outcome of the audit case and indicate whether you agree or disagree with the findings.Present your responses as if you were presenting the information at a conference of auditors.

Read Business Scenario 21-1, "Risk of Loss," located on page 401 of your course textbook. Discuss who is correct: Stasio or Zeke. Your post should be at least 100 words in length.

Discussion Topic: Create a scenario where the transfer of property to a controlled corporation under Section 351 of the Internal Revenue Code (IRC) results in the taxation to the transferor. Speculate as to the reasons that gain treatment in the current year may be preferred to the deferral of gain. Provide a tax-planning strategy to prevent taxation of similar transfers. Client Letter (check file) Imagine that you are a Certified Public Accountant (CPA) with a new client who needs an opinion on the most advantageous capital structure of a new corporation. Your client formed the corporation in question to provide technology to the medical profession to facilitate compliance with the Health Insurance Portability and Accountability Act (HIPAA).