Auditing and Accounting Cases : Investigating Issues of Fraud and Professional Ethics

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  • Edition: 3rd
  • Format: Paperback
  • Copyright: 2010-03-23
  • Publisher: McGraw-Hill/Irwin
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The approach used by Thibodeau and Freier emphasizes the substantial benefits of using real-life case examples in helping to impart knowledge related to the practice of auditing. This type of approach has long been acknowledged as a superior manner in which to teach. Since the authors present the concepts of auditing using actual corporate contexts, they seek to provided students with a real-life appreciation of these issues and clearly demonstrate the value of the Sarbanes-Oxley Act of 2002 and the post-Sarbanes technical audit guidance.The Third Edition has been updated to reflect all of the major changes happening in today's society with actual companies such as Enron, WorldCom, Qwest, Sunbeam, that have become synonymous with the capital markets' crisis in confidence. With 45 different short cases, instructors can assign 8 to 9 different cases for each of four different semesters.

Table of Contents

Fraud Cases: Violations of Accounting Principles
Waste Management: The Matching Principle
WorldCom: The Revenue Recognition Principle
Qwest: The Full Disclosure Principle
Sunbeam: The Revenue Recognition Principle
Waste Management: The Definition of an Asset
Enron: The Revenue Recognition Principle
WorldCom: The Matching Principle
The Fund of Funds: The Conservatism Constraint
Qwest: The Revenue Recognition Principle
The Baptist Foundation of Arizona: The Conservatism Constraint
WorldCom: The Definition of an Asset
Ethics and Professional Responsibility Cases
Enron: Independence
Waste Management: Due Care
WorldCom: Professional Responsibility
Enron: Quality Assurance
Sunbeam: Due Care
The Fund of Funds: Independence
Bernard L. Madoff Investment and Securities: A Focus on Auditors' Legal Liability and Due Care
Enron: Audit Documentation
Fraud and Inherent Risk Assessment Cases
Enron: Understanding the Client's Business and Industry
The Baptist Foundation of Arizona: Related Party Transactions
WorldCom: Significant Business Acquisitions
Sunbeam: Incentives and Pressure to Commit Fraud
Qwest: Understanding the Client's Business and Industry
The Fund of Funds: Related Party Transactions
Waste Management: Understanding the Client's Business and Industry
Internal Control Systems: Entity-Level Control Cases
Enron: The Control Environment
Waste Management: General Computing Controls
The Baptist Foundation of Arizona: The Whistleblower Hotline
WorldCom: The Internal Audit Function
Waste Management: Top-Side Adjusting Journal Entries
Internal Control Systems: Control Activity
The Fund of Funds: Valuation of Investments
Enron: Presentation and Disclosure of Special-Purpose Entities
Sunbeam: Completeness of the Restructuring Reserve
Qwest: Occurrence of Revenue
The Baptist Foundation of Arizona: Presentation and Disclosure of Related Parties
Waste Management: Valuation of Fixed Assets
Qwest: Occurrence of Revenue
Appendix Company Cases
Waste Management
The Baptist Foundation of Arizona
The Fund of Funds
Table of Contents provided by Publisher. All Rights Reserved.

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