Knapp's CONTEMPORARY AUDITING: REAL ISSUES AND CASES, Ninth Edition, uses real-world cases to acquaint you with the work environment of auditors. It also helps you to recognize the red flags that often accompany problem audits. This new edition offers exciting new cases that cover 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 risk assessment standards recently adopted by the auditing community. What better training for the real world of auditing than to learn by studying real companies and situations!
I had to buy this book for a 400 level auditing class. The book goes into current auditing cases from Enron to other famous audting cases such as Crazy Eddie. Each case gives you a short synopsis with relevant auditing principles and final outcomes for each case.
At the end of each case, there are 4-5 questions about the case which tie back to relevant auditing principles. What I don't like about this book is that there are no answers - it's your opinion - and sometimes we hadn't covered the concept in class so it made it difficult to correctly answer the required questions.
This is not the authors fault but more on my professor who assigned the cases. If you want a book to study various cases of fraudulent financial reporting and how auditing ties into fraud cases, this is a good one.
Product Details :
- Paperback: 592 pages
- Publisher: Cengage Learning; 9 edition (January 1, 2012)
- Language: English
- ISBN-10: 1133187897
- ISBN-13: 978-1133187899
- Product Dimensions: 0.9 x 7.9 x 9.8 inches
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