Discuss the current rules of accounting for leases.

A)research the ethics involved in reporting leases, focusing on the ethical violations of off-balance-sheet financing, when capital leases were misreported as operating leases. Discuss the current rules of accounting for leases. How are the income statement and balance sheet affected? Which method do you think best represents the liabilities and expenses of a company and why? Please provide an example
B)You have learned that the single most important act that partners do when forming a partnership is creating a partnership agreement.
Explain what information should be included in a partnership agreement to set the partnership up for successful operations.
C) Create a scenario where external auditors determined that a company’s internal controls were deficient, but such a deficiency might not mean that a material weakness existed.
Ascertain the impact on the audit plan if additional deficiencies are discovered on other related internal controls.
Support your position.

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