Contemporary Auditing, 9th Edition
- Michael C. Knapp University of Oklahoma
- ISBN-10: 1133187897
- ISBN-13: 9781133187899
- 592 Pages Paperback
- Previous Editions: 2011, 2010, 2009
- © 2013 | Published
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. Selected cases in this text are also suitable for use in financial accounting courses and may be customized into a unique casebook at http://www.cengage.com/custom/makeityours/knapp.
Section 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, Gemstar-TV Guide International, Inc, New Century Financial Corporation, Madoff Securities.
Section 2: Audits of High-Risk Accounts – Jack Greenberg, Inc, Golden Bear Golf, Inc., Happiness Express, Inc., General Motors Company, Lipper Holdings, LLC, CBI Holding Company, Inc., Geo Securities, Inc., Belot Enterprises, Regina Company, Inc.
Section 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.
Section 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.
Section 5: Ethical Responsibilities of Independent Auditors – Cardillo Travel Systems, Inc., American International Group, Inc., The North Face, Inc., Waverly Holland, Audit Senior, Phillips Petroleum Company, American Fuel & Supply Company, Inc.
Section 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.
Section 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.).
Section 8: International Cases – Livent, Inc., Parmalat Finanziaria, S.p.A., Kansayaku, Registered Auditors, South Africa, Zuan Yan, Kaset Thai Sugar Company, Republic of Somalia, OAO Gazprom, Societe Generale, Institute of Chartered Accountants of India, Republic of the Sudan, Shari'a, Mohamed Salem El-Hadad, Internal Auditor, Tae Kwang Vina.
All supplements have been updated in coordination with the main title. Select the main titleâs "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.
The printed Solution's Manual includes a solution for each case, in addition to instructor notes. Each case solution contains five sections: A Synopsis, Key Facts, Instructional Objectives, Suggestions for Use, and Suggested Solutions to Case Questions. You will also find information on the "case method" approach to using cases in accounting courses and how to "get started" using cases. The author provides thirteen strategies or tactics for using cases. A Summary of Topics by Case and a Suggested Syllabus for a Graduate Auditing Course completes the Solutions Manual. The Solutions Manual is available to order in hard copy.