Authors: Michael C. Knapp
ISBN-13: 9780324658057, ISBN-10: 0324658052
Format: Paperback
Publisher: Cengage Learning
Date Published: August 2008
Edition: 7th Edition
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.
Stressing the human aspects of auditing, this text presents dozens of examples of real audits, with cases divided into thematic sections including comprehensive auditing cases, audits of high-risk accounts, internal control issues, ethical responsibilities of accountants and of independent auditors, professional roles, professional issues, and classic litigation cases. Updated with 13 new cases, this text is suitable as a supplemental undergraduate text or as the primary text in a graduate level seminar. Annotation c. Book News, Inc., Portland, OR
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 |