Contemporary Auditing

by Knapp, Michael C.

• ISBN13: 9781133187899
• ISBN10: 1133187897
• Edition: 9th
• Format: Paperback
• Copyright: 2012-01-01
• Publisher: South-Western College Pub

Summary

Knapp's CONTEMPORARY AUDITING: REAL ISSUES AND CASES, Ninth Edition, uses real-world cases to acquaint you with the work environment of auditors. It also helps you to recognize the red flags that often accompany problem audits. This new edition offers exciting new cases that cover Lehman Brothers Holdings Inc., First Keystone Bank, Foamex International Inc., Phillips Petroleum Company, and Freescale Semiconductor Inc. Five new cases have also been added to the "Audits of High-Risk Accounts" section, examining well-known companies such as General Motors, Lipper Holdings, LLC, Geo Securities, Inc., Belot Enterprises, and Regina Company, Inc. The ninth edition fully integrates risk assessment standards recently adopted by the auditing community. What better training for the real world of auditing than to learn by studying real companies and situations!

Table of Contents

Section 1: Comprehensive Cases - Enron Corporation, Lehman Brothers Holdings Inc, Just for FEET, Inc, Health Management, Inc, The Leslie Fay Companies, NextCard, Inc, Lincoln Savings and Loan Association, Crazy Eddie, Inc, ZZZZ Best Company, Inc, Gemstar-TV Guide International, Inc, New Century Financial Corporation, Madoff Securities. Section 2: Audits of High-Risk Accounts - Jack Greenberg, Inc, Golden Bear Golf, Inc., Happiness Express, Inc., General Motors Company, Lipper Holdings, LLC, CBI Holding Company, Inc., Geo Securities, Inc., Belot Enterprises, Regina Company, Inc. Section 3: Internal Control Issues - The Trolley Dodgers, Howard Street Jewelers, Inc., United Way of America, First Keystone Bank, Goodner Brothers, Inc., Buranello's Ristorante, Foamex International Inc. Section 4: Ethical Responsibilities of Accountants - Creve Couer Pizza, Inc., F&C International, Inc., Suzette Washington, Accounting Major, Freescale Semiconductor, Inc., Wiley Jackson, Accounting Major, Arvel Smart, Accounting Major, David Quinn, Tax Accountant. Section 5: Ethical Responsibilities of Independent Auditors - Cardillo Travel Systems, Inc., American International Group, Inc., The North Face, Inc., Waverly Holland, Audit Senior, Phillips Petroleum Company, American Fuel & Supply Company, Inc. Section 6: Professional Roles - Leigh Ann Walker, Staff Accountant, Bill DeBurger, In Charge Accountant, Hamilton Wong, In-Charge Accountant, Tommy O'Connell, Audit Senior, Avis Love, Staff Accountant, Charles Tollison, Audit Manager. Section 7: Professional Issues - Ligand Pharmaceuticals, Sarah Russell, Staff Accountant, Bud Carriker, Audit Senior, Hopkins v. Price Waterhouse, Fred Stern & Company, Inc. (Ultramares Corporation v. Touche et al.), First Securities Company of Chicago (Ernst & Ernst v. Hochfelder et al.). Section 8: International Cases - Livent, Inc., Parmalat Finanziaria, S.p.A., Kansayaku, Registered Auditors, South Africa, Zuan Yan, Kaset Thai Sugar Company, Republic of Somalia, OAO Gazprom, Societe Generale, Institute of Chartered Accountants of India, Republic of the Sudan, Shari'a, Mohamed Salem El-Hadad, Internal Auditor, Tae Kwang Vina.