Contemporary Auditing: Real Issues & Cases, Update, 7th Edition
- Michael C. Knapp University of Oklahoma
- ISBN-10: 143907819X
- ISBN-13: 9781439078198
- 576 Pages Paperback
- Previous Editions: 2009, 2007, 2004
- © 2010 | Published
Knapp's CONTEMPORARY AUDITING: REAL ISSUES AND CASES, UPDATE, 7th Edition helps students recognize the red flags that often accompany problem audits. The use of real-world cases acquaints students with the work environment of auditors. The updated 7th edition offers an exciting new case describing the 2007 collapse of New Century Financial Corporation which signaled the beginning of the subprime mortgage crisis in the United States. The new case addresses Section 404 of the Sarbanes-Oxley Act and PCAOB AS #5 to keep you up-to-date. In addition, a new "International Cases" section examines auditing challenges in Australia, China, India, Japan, Russia, South Africa, and several others. The updated 7th Edition fully integrates risk assessment standards recently adopted by the auditing community. Professors can use this casebook to supplement the first undergraduate auditing course, as a primary text for a second undergraduate auditing course, or a graduate-level auditing seminar. Selected cases in this text also are suitable for use in financial accounting courses and may be customized into a unique casebook at http://custom.cengage.com/makeityours/knapp7e/.
SECTION 1: COMPREHENSIVE CASES.
1.1: Enron Corporation.
1.2: Just for Feet, Inc.
1.3: Jamaica Water Properties.
1.4: Health Management, Inc.
1.5: The Leslie Fay Companies.
1.6: Star Technologies, Inc.
1.7: Lincoln Savings and Loan Association.
1.8: Crazy Eddie, Inc.
1.9: ZZZZ Best Company, Inc.
1.10: United States Surgical Corporation.
1.11: New Century Mortgage.
SECTION 2: AUDITS OF HIGH-RISK ACCOUNTS.
2.1: Jack Greenberg, Inc.
2.2: Golden Bear Golf, Inc.
2.3: Happiness Express, Inc.
2.4: CapitalBanc Corporation.
2.5: SmarTalk Teleservices, Inc.
2.6: CBI Holding Company, Inc.
2.7: Campbell Soup Company.
2.8: Rocky Mount Undergarment Company, Inc.
SECTION 3: INTERNAL CONTROL ISSUES.
3.1: The Trolley Dodgers.
3.2: Howard Street Jewelers, Inc.
3.3: Saks Fifth Avenue.
3.4: Triton Energy Ltd.
3.5: Goodner Brothers, Inc.
3.6: Troberg Stores.
SECTION 4: ETHICAL RESPONSIBILITIES OF ACCOUNTANTS.
4.1: Creve Couer Pizza, Inc.
4.2: F&C International, Inc.
4.3: Suzette Washington, Accounting Major.
4.4: Oak Industries, Inc.
4.5: Wiley Jackson, Accounting Major.
4.6: Arvel Smart, Accounting Major.
4.7: David Quinn, Tax Accountant.
4.8: Jack Bass, Accounting Professor.
4.9: Thomas Forehand, CPA.
SECTION 5: ETHICAL RESPONSIBILITIES OF INDEPENDENT AUDITORS.
5.1: Cardillo Travel Systems, Inc.
5.2: Mallon Resources Corporation.
5.3: The North Face, Inc.
5.4: NextCard, Inc.
5.5: Koger Properties, Inc.
5.6: American Fuel & Supply Company, Inc.
SECTION 6: PROFESSIONAL ROLES.
6.1: Leigh Ann Walker, Staff Accountant.
6.2: Bill DeBurger, In-Charge Accountant.
6.3: David Myers, WorldCom Controller.
6.4: Tommy O'Connell, Audit Senior.
6.5: Avis Love, Staff Accountant.
6.6: Charles Tollison, Audit Manager.
6.7: Hamilton Wong, In-Charge Accountant.
SECTION 7: PROFESSIONAL ISSUES.
7.1: PricewaterhouseCoopers Securities, LLC.
7.2: Stephen Gray.
7.3: Scott Fane.
7.4: Hopkins v. Price Waterhouse.
7.5: Sarah Russell.
7.6: Bud Carriker.
7.7: National Medical Transportation Network.
7.8: Fred Stern & Company, Inc. (Ultramares).
7.9: First Securities Company of Chicago (Hochfelder).
SECTION 8: INTERNATIONAL CASES.
8.1: Livent, Inc.
8.2: Royal Ahold, N.V.
8.4: Registered Auditors, South Africa.
8.5: Zuan Yan.
8.6: Kaset Thai Sugar Company.
8.7: Australian Wheat Board .
8.8: OAO Gazprom.
8.9: Tata Finance Limited.
8.10: Baan Company N.V.
8.11: Institute of Chartered Accountants of India.
All supplements have been updated in coordination with the main title. Select the main title’s "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 Instructor's Manual includes a solution for each case. 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 13 strategies or tactics for using cases. A Summary of Topics by Case and a Suggested Syllabus for a Graduate Auditing Course completes the Instructor's Manual. The Instructor's Manual is found on the text companion website: http://academic.cengage.com/accounting/knapp.