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Cloud 9 Pty Ltd  an Audit Case Study

Cloud 9 Pty Ltd an Audit Case Study


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About the Book

Cloud 9 is designed to provide students with the opportunity to work through various audit procedures that are performed during the planning and interim phases of a statutory audit. The case study is based on typical client scenarios that are regularly observed in the profession. The aim of this case study is to expose students to the practice of auditing and the tasks they would typically perform in their first year of auditing practice. Cloud 9 is derived from an audit case learning resource used as part of the Ernst & Young graduate development program. Cloud 9 will provide your students - with a practical context of auditing and an appreciation of the level of quality, activity and knowledge Ernst & Young apply to the audit process and the vital role of auditing in practice and business.

Table of Contents:
Introduction Cloud 9 Pty Ltd company background Personnel Financial information Requirements Assignments Assignment 1 - understand the business Assignment 2 - calculate materiality Assignment 3 - assertions Assignment 4 - documenting an accounting process Assignment 5 - identifying errors in the accounting process Assignment 6 - identifying controls Assignment 7 - testing controls Assignment 8 - determining the overall risk assessment and developing the substantive audit program Appendixes Appendix 1 Statement of comprehensive income Statement on financial position Appendix 2 Trial balance (30 September 2008) Appendix 3 Interview transcript Appendix 4 Sales control testing support: invoices and dispatch notes Appendix 5 Cash control testing support: daily bank reconciliations and EFT confirmations


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Product Details
  • ISBN-13: 9780470820377
  • Publisher: John Wiley & Sons Australia Ltd
  • Publisher Imprint: John Wiley & Sons Australia Ltd
  • Language: English
  • ISBN-10: 0470820373
  • Publisher Date: 25 Sep 2008
  • Binding: Paperback
  • No of Pages: 48


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Cloud 9 Pty Ltd  an Audit Case Study
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