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.

Dickinson Technologies, Inc.: Assessing Control Environment and Fraud Risk

2003 ◽  
Vol 18 (1) ◽  
pp. 71-78 ◽  
Author(s):  
Christopher P. Agoglia ◽  
Kevin F. Brown ◽  
Dennis M. Hanno
Keyword(s):  
Risk Assessment ◽  
Internal Control ◽  
Financial Statement ◽  
Risk Assessments ◽  
Background Information ◽  
Control Environment ◽  
Abstract Concepts ◽  
Fraud Risk ◽  
Financial Statement Audit ◽  
Fraud Risk Assessments

This instructional case provides you an opportunity to perform realistic audit tasks using evidence obtained from an actual company. Through the use of engaging materials, the case helps you to develop an understanding of the control environment concepts presented in SAS No. 78 (AICPA 1995), Consideration of Internal Control in a Financial Statement Audit, and fraud risk assessment presented in SAS No. 99 (AICPA 2002), Consideration of Fraud in a Financial Statement Audit. This case involves making a series of fraud risk assessments based on company background information and a detailed and realistic control environment questionnaire, which provide you a context that makes the often abstract concepts relating to control environment and fraud risk assessment more concrete.

ABC Electronics: An Instructional Case Illustrating Auditors' Use of Preliminary Analytical Procedures

2014 ◽  
Vol 8 (1) ◽  
pp. I1-I10 ◽  
Author(s):  
Paul M. Clikeman ◽  
Jamie Diaz
Keyword(s):  
Risk Assessment ◽  
Financial Statements ◽  
Consumer Electronics ◽  
Financial Statement ◽  
Planning Stage ◽  
Excel Spreadsheet ◽  
Financial Statement Audit ◽  
Analytical Procedures

SUMMARY This instructional case demonstrates auditors' use of analytical procedures during the planning/risk assessment phase of a financial statement audit. An Excel spreadsheet enables instructors to embed up to seven operating problems or potential accounting issues into a fictitious consumer electronics manufacturer's current year financial statements. Questionnaires from students at two universities indicate that the case is effective at helping undergraduate auditing students understand (1) auditors' use of analytical procedures during the planning stage of the audit, and (2) the types of accounting issues and operating problems that might be identified using analytical procedures.

scholarly journals A Task-Centered, Multiple Method Approach To Teaching Fraud Risk Assessment

2011 ◽  
Vol 3 (3) ◽  
Author(s):  
Bonnie W. Morris ◽  
Ann B. Pushkin ◽  
William E. Spangler
Keyword(s):  
Risk Assessment ◽  
Financial Reporting ◽  
Financial Statement ◽  
Occurrence Rate ◽  
Fraudulent Financial Reporting ◽  
Fraud Risk ◽  
Financial Statement Audit ◽  
Multiple Method ◽  
Approach To Teaching ◽  
Research In Education

This manuscript provides an approach to teaching fraud risk assessment that is based on an analysis of the task and relevant research in education, cognitive psychology, and artificial intelligence. Fraud risk assessment (FRA) in financial reporting is an important and difficult task that must be performed in every financial statement audit. When auditors fail to detect fraudulent financial reporting (FFR), they are likely to become targets of shareholder and creditor litigation. Although FFR has a low occurrence rate considering the large number of financial statement audits conducted, it has a devastating impact on the investors, creditors and the profession.

Resilience-Oriented Transmission Line Fragility Modeling and Real-time Risk Assessment of Thunderstorms

2021 ◽  
pp. 1-1
Author(s):  
Jie Bao ◽  
Xin Wang ◽  
Yihui Zheng ◽  
Feng Zhang ◽  
Xuyong Huang ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Transmission Line ◽  
Real Time

Towards Near-Real-Time Damage Estimation Using a CSM-Based Tool for Seismic Risk Assessment

2008 ◽  
Vol 12 (sup2) ◽  
pp. 199-210 ◽  
Author(s):  
Dominik H. Lang ◽  
Sergio Molina-Palacios ◽  
Conrad D. Lindholm
Keyword(s):  
Risk Assessment ◽  
Real Time ◽  
Seismic Risk ◽  
Damage Estimation ◽  
Seismic Risk Assessment

scholarly journals High-Accuracy Tracking Using Ultrawideband Signals for Enhanced Safety of Cyclists

2017 ◽  
Vol 2017 ◽  
pp. 1-13 ◽  
Author(s):  
Davide Dardari ◽  
Nicoló Decarli ◽  
Anna Guerra ◽  
Ashraf Al-Rimawi ◽  
Víctor Marín Puchades ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Real Time ◽  
High Accuracy ◽  
Experimental Results ◽  
Localization Error ◽  
Localization System ◽  
Dynamic Conditions ◽  
The Road ◽  
Road Users

In this paper, an ultrawideband localization system to improve the cyclists’ safety is presented. The architectural solutions proposed consist of tags placed on bikes, whose positions have to be estimated, and anchors, acting as reference nodes, located at intersections and/or on vehicles. The peculiarities of the localization system in terms of accuracy and cost enable its adoption with enhanced risk assessment units situated on the infrastructure/vehicle, depending on the architecture chosen, as well as real-time warning to the road users. Experimental results reveal that the localization error, in both static and dynamic conditions, is below 50 cm in most of the cases.

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