Old Main Manufacturing: The Case of Unrecorded Sales Discounts

2012 ◽  
Vol 28 (1) ◽  
pp. 173-179
Author(s):  
David Peaden ◽  
Nathaniel M. Stephens
Keyword(s):  
Technical Writing ◽  
Writing Skills ◽  
Financial Statement ◽  
Applied Learning ◽  
Class Time ◽  
Reasonable Amount ◽  
Financial Statement Audit ◽  
Efficient Communication ◽  
Audit Information ◽  
Audit Program

ABSTRACT: The purpose of this case is to provide auditing students with an opportunity for applied learning in a realistic audit setting. The objectives of the case are: (1) to introduce students to the applied use of audit documentation, including the audit program and work papers; (2) to provide students with greater understanding of how various company records can be used by the auditor in his/her audit tests; (3) to demonstrate how the concept of materiality relates to the financial statement audit; and (4) to reinforce the importance of technical writing skills to effective and efficient communication of audit information. The case involves little class time, and students can complete the case in a very reasonable amount of time outside of class. Feedback from students has been very positive.

Preparing for Audit Data Analytics with the AICPA General Ledger Audit Data Standards

2020 ◽  
Author(s):  
Lorraine S. Lee ◽  
Gretchen Casterella ◽  
Barry Wray
Keyword(s):  
Data Analytics ◽  
Task Force ◽  
Writing Skills ◽  
Financial Statement ◽  
Journal Entry ◽  
Data Standards ◽  
Microsoft Access ◽  
Financial Statement Audit ◽  
Audit Data ◽  
Client Data

It is challenging for auditors to effectively and efficiently use data analytics in audit procedures and general ledger testing when the data acquired from clients is often incomplete and not in a usable format. Considerable time must be spent cleansing, transforming, standardizing, and validating the data prior to analyzing it. This problem motivated the AICPA task force to develop a set of Audit Data Standards for streamlining the exchange of data.  This paper describes an extensive exercise where students: 1) develop a Microsoft Access database that complies with the Audit Data Standards (ADS) for general ledger data; 2) cleanse and transform non-standardized client data for import into an ADS-compliant database; and 3) write queries for general ledger testing and journal entry testing. The exercise strengthens students’ database and query-writing skills while introducing the ADS in the context of realistic tasks to support a financial statement audit.

The effectiveness of local government financial statement audit by public accounting firm

2021 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Dwi Martani ◽  
Rifatul Fauzia ◽  
Dyah Setyaningrum
Keyword(s):  
Local Government ◽  
Financial Statement ◽  
Public Accounting ◽  
Accounting Firm ◽  
Financial Statement Audit

Fraud Detection and Investigation: Microcomputer Consulting Services

1999 ◽  
Vol 14 (1) ◽  
pp. 99-115 ◽  
Author(s):  
Bonita K. Peterson ◽  
Thomas H. Gibson
Keyword(s):  
Fraud Detection ◽  
Internal Controls ◽  
Financial Statement ◽  
Sufficient Evidence ◽  
Red Flags ◽  
Fine Line ◽  
Consulting Services ◽  
Financial Statement Audit ◽  
Audit Team ◽  
University Setting

This nonfictional case of inventory fraud in a university setting exposes students to fraud detection and investigation. These skills are becoming increasingly important for auditors, as evidenced by the alarming rate of fraud. The accounting profession has acknowledged the seriousness of this issue with the issuance of SAS No. 82, Consideration of Fraud in a Financial Statement Audit, developed in part to improve detection of frauds by auditors. The case raises many of the fraud-related issues faced by accountants: recognizing red flags indicative of fraud; the importance of a good system of internal controls; the profile of the typical fraud perpetrator; the fine line auditors walk when investigating a fraud; the need to develop an audit team with the appropriate level of expertise which may require members from a variety of disciplines (e.g., investigative, legal and forensic areas); and the difficulty of obtaining sufficient evidence to prosecute and convict perpetrators.

scholarly journals Shaping Business Managers’ English in BBA

2020 ◽  
Vol 3 (1) ◽  
pp. 95-109
Author(s):  
Ramji Timalsina
Keyword(s):  
Technical Writing ◽  
Writing Skills ◽  
Business Management ◽  
Interdisciplinary Approach ◽  
Business Communication ◽  
Business Managers ◽  
Global Context ◽  
Business Administrators ◽  
History Of ◽  
Theory Of Language

This article analyses how the current course of English in Bachelor of Business Administration (BBA) in Tribhuvan University has used interdisciplinary approach in teaching English for business communication to would-be business administrators. To prepare the background and methodology of the analysis, the history of such courses in the global context is reviewed and certain parameters are devised based on B.F. Skinner’s theory of language shaping. It is found that the course has maintained the international standard and so is appropriate for aspiring business managers. The integration of language, literature, technical writing skills and business management related contents has made the course useful and difficult to handle at the same time. Active and motivated participants of both the course instructor and the learners is necessary to make the course successful with the achievement of the objectives the curriculum devised.

Ramm Wholesale: Reviewing Audit Work (Retracted)

2013 ◽  
Vol 28 (3) ◽  
pp. 629-636 ◽  
Author(s):  
Douglas Kalesnikoff ◽  
Fred Phillips
Keyword(s):  
Risk Assessment ◽  
Real Time ◽  
Read Aloud ◽  
Financial Statement ◽  
Financial Statement Audit ◽  
Audit Strategy

ABSTRACT: Designed to be used in an undergraduate or Master's auditing course, this Case asks students to evaluate work performed on the financial statement audit of a private wholesale merchandiser. Through this evaluation, students can uncover issues relating to gaining knowledge of a client and its environment, risk assessment, materiality, audit strategy, and specific audit procedures for the revenue/receivables/receipts accounting cycle. The Teaching Notes provide support both for instructors who ask students to prepare the Case in advance of class and for instructors who instead assign the Case for analysis in real-time during class, whereby the Case is read aloud paragraph-by-paragraph and issues are discussed as they are detected.

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