For undergraduate/graduate-level courses in Auditing, Professional Research Case, or Capstone Courses.
Unlike other available auditing case texts, this volume focuses on the development of higher-order skills—such as critical thinking, communication, and interpersonal relations—and provides students with hands-on exposure to realistic cases involving all aspects of an audit process. It offers a collection of 36 auditing cases that address most major activities performed during the conduct of an audit—from client acceptance to issuance of an audit report. Appropriate for use in graduate and undergraduate level courses. May be used with Arens/Loebbecke Auditing: An Integrated Approach, 2/E or other auditing books. Some cases may also be used for AIS courses. Cases are also available through Pearson Custom Case Program.
Table of Contents:
1. Jacksonville Jaguars: Evaluating IT Benefits and Risks and Identifying Assurance Services Opportunities.
2. Your 1040.com: Evaluating eBusiness Revenue Recognition, Information Privacy, and Electronic Evidence Issues.
3. A Day in the Life of Brent Dorsey: Staff Auditor Professional Pressures.
4. Nathan Johnson's Rental Car Reimbursement: Solving Ethical Dilemmas-Should He Pocket the Cash.
5. The Anonymous Caller: Recognizing It's a Fraud and Evaluating What to Do.
6. Phar-Mor, Inc.: Accounting Fraud, Litigation, and Auditor Liability.
7. Enron Corporation and Andersen, LLP: Analyzing the Fall of Two Giants.
8. The Runners Shop: Litigation Support Review of Audit Documentation for Notes Payable.
9. Dell Computer Corporation: Evaluation of Client Business Risk.
10. Ocean Manufacturing, Inc.: The New-Client Acceptance Decision.
11. Comptronix Corporation: Identifying Inherent Risk and Control Risk Factors.
12. Flash Technologies, Inc.: Risk Analysis and Resolution of Client Issues.
13. Simply Steam, Co.: Evaluation of Internal Control Environment.
14. Easy Clean, Co.: Evaluation of Internal Control Environment.
15. Cendant Corporation: Assessing the Control Environment and Evaluating Risk of Financial Statement Fraud.
16. Waste Management, Inc.: Manipulating Accounting Estimates.
17. Xerox Corporation: Evaluating Risk of Financial Statement Fraud.
18. Red Bluff Inn & and Cafe: Establishing Effective Internal Control in a Small Business
19. St. James Clothiers: Evaluation of Manual and IT-Based Sales Accounting System Risks.
20. Collins Harp Enterprises: Recommending IT Systems Development Controls.
21. Ann Taylor Stores Corporation: Determination of Planning Materiality and Tolerable Misstatement.
22. Northwest Bank: Developing Expectations for Analytical Procedures.
23. Laramie Wire Manufacturing: Using Analytical Procedures in Audit Planning.
24. Burlington Bees: Using Analytical Procedures As Substantive Tests.
25. Henrico Retail, Inc.: Understanding the IT Accounting System and Identifying Audit Evidence for Retail Sales.
26. Harley Davidson, Inc.: Identifying eBusiness Risks and Related Assurance Services for the eBusiness Marketplace.
27. Southeast Shoe Distributor, Inc.: Identification of Tests of Controls for the Revenue Cycle (Sales and Cash Receipts).
28. Southeast Shoe Distributor, Inc.: Identification of Substantive Tests for the Revenue Cycle (Sales and Cash Receipts).
29. Southeast Shoe Distributor, Inc.: Selection of Audit Tests and Risk Assessment for the Revenue Cycle (Sales and Cash Receipts).
30. Southeast Shoe Distributor, Inc.: Performance of Tests of Transactions for the Expenditure Cycle (Acquisitions and Cash Disbursements).
31. Southeast Shoe Distributor, Inc': Performance of Tests of Balances for the Expenditure Cycle (Acquisitions and Cash Disbursements).
32. EyeMax Corporation: Evaluation of Audit Differences.
33. Auto Parts, Inc.: Considering Materiality When Evaluating Accounting Policies and Footnote Disclosures.
34. K & K, Inc.: Leveraging Audit Insights to Provide Value-Added Services.
35. Surfer Dude Duds, Inc.: Considering the Going-Concern Assumption.
36. Murchison Technologies, Inc.: Evaluating Attorney's Response and Identifying Proper Audit Report.
Review :
"An excellent collection of cases that will add value to undergraduate and graduate education." — Alvin A. Arens, Michigan State University
"I think this case book would serve well as either an important supplement in an introductory auditing course or as a stand-alone book in a special topic module of an advanced auditing course. It brings real-world grittiness into an academic course. The experience of working through these cases is comparable to that of an internship. The cases are interesting to read and challenging. By conscientiously completing the cases, students will see issues that are not `cut and dry' and will have to use their own judgment and defend it." — John E. Delaney, Southwestern University
"I liked the Brent Dorsey case as a quick read. I would use the Phar-Mor and Flash Technologies cases as a semester-long project .... I would definitely use these cases. The case notes are consistently good and among the best that I have seen." — James J. Carroll, Georgian Court College
"The Brent Dorsey case has the appeal of a real-life situation, which is helpful to students about to enter the professional world. Students will relate to this case very well. The Phar-Mor case has ethical components illustrating an alleged fraud very -nicely. Fraud is an exciting topic in auditing that will capture the interest of students. The internal control implications of the Phar-Mor case will reinforce the internal control theory learned in other parts of the course." — John E. Delaney, Southwestern University
"The Runners Shop is a nice case to practice finding weaknesses in work papers. I particularly like the motivation as a part of a litigation support service .... Flash Technologies is my favorite of the cases . . . very good risk analysis . . . another capstone case that I would assign after students have already done some simpler risk analysis cases .... They would learn much from this one." — Jewell W Habegger, Susquehanna University
