Contemporary Auditing: Real Issues and Cases / Edition 7

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Knapp's market-leading auditing casebook stresses the "people" aspect of independent audits. The purpose of this casebook is to allow readers to learn from cases based on problem audits. Readers are also acquainted with the work environment of auditors.
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Editorial Reviews

From the Publisher

"Thank you for the great casebook. I have used this for over 10 years in my graduate cases with great success."

"Students' participation is noticeable when the case touches a conflict between personal and professional issue."

"My experience with the Knapp casebook has been incredibly positive. The cases are so well written that I have never had a complaint about the readability of the cases. I have often custom published a casebook with just the cases that I plan to use and that has always been a very easy process."

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Product Details

  • ISBN-13: 9780324658057
  • Publisher: Cengage Learning
  • Publication date: 8/18/2008
  • Edition description: 7
  • Edition number: 7
  • Pages: 526
  • Product dimensions: 8.10 (w) x 10.20 (h) x 1.20 (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

Section 1 Comprehensive Cases 1
Case 1.1 Mattel, Inc. 3
Case 1.2 ESM Government Securities, Inc. 15
Case 1.3 United States Surgical Corporation 29
Case 1.4 ZZZZ Best Company, Inc. 41
Case 1.5 Lincoln Savings and Loan Association 57
Case 1.6 Crazy Eddie, Inc. 71
Case 1.7 Penn Square Bank 83
Case 1.8 Star Technologies, Inc. 93
Case 1.9 The Fund of Funds, Ltd. 105
Case 1.10 Amre, Inc. 119
Case 1.11 General Technologies Group Ltd. 129
Case 1.12 Regina Company 139
Section 2 Audits of High-Risk Accounts 147
Case 2.1 Doughtie's Foods, Inc. 149
Case 2.2 Flight Transportation Corporation 153
Case 2.3 J.B. Hanauer & Co. 159
Case 2.4 Berkshire Hathaway, Inc. 165
Case 2.5 IFG Leasing 169
Case 2.6 Giant Stores Corporation 179
Case 2.7 CapitalBanc Corporation 187
Section 3 Internal Control Issues 191
Case 3.1 The Trolley Dodgers 193
Case 3.2 Howard Street Jewelers, Inc. 195
Case 3.3 E.F. Hutton & Company, Inc. 199
Case 3.4 Saks Fifth Avenue 209
Case 3.5 Triton Energy Ltd. 215
Case 3.6 Goodner Brothers, Inc. 225
Case 3.7 Troberg Stores 235
Section 4 Ethical Responsibilities of Accountants 243
Case 4.1 Creve Couer Pizza, Inc. 245
Case 4.2 Laurel Valley Estates 249
Case 4.3 Suzette Washington, Accounting Major 253
Case 4.4 Rocky Mount Undergarment Company, Inc. 255
Case 4.5 Oak Industries, Inc. 259
Case 4.6 F&C International, Inc. 265
Case 4.7 Accuhealth, Inc. 271
Section 5 Ethical Responsibilities of Independent Auditors 277
Case 5.1 Cardillo Travel Systems, Inc. 279
Case 5.2 The PTL Club 285
Case 5.3 Phillips Petroleum Company 289
Case 5.4 Mariner Corporation 293
Case 5.5 Koger Properties, Inc. 297
Case 5.6 American Fuel & Supply Company, Inc. 301
Case 5.7 Mallon Resources Corporation 305
Section 6 Professional Roles 311
Case 6.1 Leigh Ann Walker, Staff Accountant 313
Case 6.2 Bill DeBurger, In-Charge Accountant 317
Case 6.3 Sarah Russell, Staff Accountant 321
Case 6.4 Tommy O'Connell, Audit Senior 325
Case 6.5 Avis Love, Staff Accountant 331
Case 6.6 Charles Tollison, Audit Manager 335
Section 7 Professional Issues 339
Case 7.1 Hopkins v. Price Waterhouse 341
Case 7.2 When Auditors Become Lobbyists 351
Case 7.3 Maurice Stans, CPA 361
Case 7.4 Scott Fane, CPA 365
Case 7.5 Barringer Resources, Inc. 371
Case 7.6 National Medical Transportation Network 379
Case 7.7 Stephen Gray, CPA 387
Section 8 Classic Litigation Cases 393
Case 8.1 Fred Stern & Company, Inc. (Ultramares Corporation v. Touche et al.) 395
Case 8.2 BarChris Construction Corporation 403
Case 8.3 1136 Tenants Corporation 411
Case 8.4 Yale Express System, Inc. 415
Case 8.5 First Securities Company of Chicago (Ernst & Ernst v. Hochfelder et al.) 423
Case 8.6 Equity Funding Corporation of America 431
Case 8.7 National Student Marketing Corporation 437
Index 453
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