Auditing A Risk-Based Approach to cinducting a Quality Audit

Real-life corporate disclosures to provide practical applications. The Ford and Toyota end-of-chapter case uses the actual SEC filings and proxy materials from Ford Motor Company and Toyota Motor Corporation. These exercises use real-life corporate disclosures to help students extract the practical applications from the chapter concepts. Starting in Chapter 2, the authors introduce the case, and discuss how they have conducted this case in their own classes. Using this case enables students to see the practical application of theoretical concepts using companies that are familiar, are high profile (in the news), and vary in terms of their financial condition and U.S. versus international domicile. ACL generalized audit software with updated cases. Version 9 of the ACL Desktop Education Edition, the most popular generalized audit software, comes with each new copy of this textbook. The ninth edition integrates ACL software into end-of-chapter materials. A revised ACL Appendix and tutorial is located at the end of the textbook. The ACL Appendix contains an overview of the basic functions of ACL followed by a brief, illustrated tutorial to help students learn how to use the basic features of Version 9 of the ACL Desktop Education Edition. ACL cases include the following: 1. Pell Grants, a fraud investigation case related to this student grant program. (Chapter 6) 2. Husky Accounts Receivable, which includes exercises in which students identify unpaid invoices and sales made over credit limits, perform cutoff analyses, conduct aging analyses, and identify procedures to be performed based upon their results. (Chapter 9) 3. FloorMart Sales and Inventory, which requires students to identify store locations in which data appear to indicate potential inaccuracies, and to identify procedures to gather additional evidence. (Chapter 9) 4. Husky Inventory, which includes exercises in which students identify potentially obsolete inventory, calculate inventory turnover, consider possible write-downs, and prepare a report based on their results. (Chapter 11)

5. Benford’s Law Case, a fraud case dealing with employee expense reimbursements and the application of Benford’s Law of numbers. (Chapter 16

Masuk & Baca