Lakeside Company : Case Studies in Auditing

by Trussel, John M.; Frazer, J. Douglas

• ISBN13: 9780131588516
• ISBN10: 0131588516
• Edition: 11th
• Format: Paperback
• Copyright: 2007-11-05
• Publisher: Prentice Hall

Summary

The cases in The Lakeside Company are intended to create a realistic view of how an auditor organizes and conducts an audit examination. These cases provide a simulation that permits learners to put the abstract and difficult concepts of auditing into practice. KEY TOPICS: Readers are guided through the various phases of an auditfrom planning the audit to reporting. The situations outlined in this book are not particularly unusual, but rather, the kinds of problems that an auditor might face each day on the job. The realistic audit activities include: analyzing fraud risk factors, performing analytical procedures, preparing internal control flowcharts and narratives, preparing and reviewing audit documents (working papers), preparing audit programs and applying audit procedures, and preparing audit reports. MARKET: For individuals interested in taking a learning journey into the fields of auditing, accounting, and taxation.

Table of Contents

Introductory Case: A Look Inside CPA Firms

Analysis of a Potential Audit Client

New Clients and an Auditor s Legal Liability

Audit Risk and Analytical Procedures

Assessing Control Risk

Tests of Controls: The Revenue and Cash Receipts Cycle

Audit Procedures and Audit Documentation: Testing the Inventory/Purchasing

Designing Substantive Audit Tests: Compensation Plans

Observation of Physical Inventory Count

Resolving Audit Problems

Sampling for Attributes

Sampling for Variables Difference Estimation

Review of Subsequent Events

Consulting Services

Table of Contents provided by Publisher. All Rights Reserved.