Contemporary Auditing / Edition 9

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Overview

The Ninth Edition of Knapp's CONTEMPORARY AUDITING: REAL ISSUES AND CASES utilizes real-world cases to highlight the work environment of auditors. These cases help students to identify audit problem areas by using real-world examples and pointing out potential red flags. With thirteen new cases, Knapp's CONTEMPORARY AUDITING: REAL ISSUES AND CASES contains the most recent, compelling, and up-to- date examples, including 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 all recent risk assessment standards recently adopted by the auditing community. This casebook can be used to supplement the first undergraduate auditing course, as a primary text for a second undergraduate auditing course, or for a graduate-level auditing seminar.

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Editorial Reviews

From the Publisher
"I consider Knapp Contemporary Auditing Real Issues & Cases to be the premier auditing casebook on the market."Thomas Noland, University of South Alabama

"The cases bring realism to auditing at the undergraduate level. The cases are easy to read, they keep my attention, they engender class discussion quite easily, and they use some cases that are recent and therefore familiar to the students."Jason Bergner, University of Kentucky

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Product Details

  • ISBN-13: 9781133187899
  • Publisher: Cengage Learning
  • Publication date: 1/1/2012
  • Edition description: Older Edition
  • Edition number: 9
  • Pages: 592
  • Sales rank: 756,794
  • Product dimensions: 8.00 (w) x 9.90 (h) x 0.90 (d)

Meet the Author

Michael Knapp has taught undergraduate and graduate auditing courses for more than twenty years. He has developed numerous online CPE courses and has testified in several major litigation cases involving accounting and auditing issues. His honors at the University of Oklahoma include the Merrick Foundation Teaching Award; Arthur Andersen Faculty Fellow, School of Accounting; Honorary Faculty Member, Golden Key National Honor Society; Distinguished Educator Award, School of Accounting; John E. Mertes, Jr., Presidential Professor; Delta Sigma Pi Professor of the Year, Price College of Business; and McLaughlin Chair in Business Ethics.

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Table of Contents

Preface. 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. DHB Industries, Inc. New Century Financial Corporation. Madoff Securities. AA Capital Partners, Inc. Navistar International Corporation. Livent, Inc. 2. Audits of High-Risk Accounts. Jack Greenberg, Inc. Golden Bear Golf, Inc. Take-Two Interactive Software, Inc. General Motors Company. Lipper Holdings, LLC. CBI Holding Company, Inc. Geo Securities, Inc. Belot Enterprises. Powder River Petroleum International, Inc. LocatePlus Holdings Corporation. 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. The Boeing Company. Wal-Mart de Mexico. 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. Dell Inc. AccuHealth, Inc. Wichita Falls. 5. Ethical Responsibilities of Independent Auditors. Cardillo Travel Systems, Inc. American International Group, Inc. The North Face, Inc. IPOC International Growth Fund, Ltd. Phillips Petroleum Company. Ryden Trucking, Inc. Richard Grimes, Staff Accountant. 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. 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.). Elizabeth Wallace, Audit Senior. Frank Coleman, Staff Accountant. Olivia Thomas, Audit Senior. 8. International Cases. Longtop Financial Technologies Limited. Kaset Thai Sugar Company. Republic of Somalia. Republic of the Sudan. Shari'a. Mohamed Salem El-Hadad, Internal Auditor. Tae Kwang Vina.

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