Auditing and Accounting Cases: Investigating Issues of Fraud and Professional Ethics
4th Edition
Published on 16. April 2013
Book
Paperback/Softback
288 pages
978-0-07-802556-3 (ISBN)
Description
The approach used by Thibodeau and Freier emphasizes the substantial benefits of using real-life case examples in helping to impart knowledge related to the practice of auditing. For the fourth edition of Auditing and Accounting Cases: Investigating Issues of Fraud and Professional Ethics the authors continue their quest to be known as the most current auditing and accounting case book on the market. In that spirit, all case questions in the fourth edition have been revised to incorporate the eight new standards adopted by the PCAOB (i.e., AS 8 - AS 15) that relate to the auditor's assessment of and response to risk in an audit and that include guidance related to audit planning, supervision, materiality, and evidence.This flexible case book is perfect for educators to prepare future audit professionals with 45 cases focusing on specific and relevant audit issues. These cases focus on specific auditing issues directly impacted by Sarbanes Oxley and Dodd-Frank, using the actual companies-Madoff, Enron, WorldCom, Quest, Sunbeam-that have become synonymous with the capital markets' crisis in confidence.
More details
Edition
4th edition
Language
English
Place of publication
United States
Publishing group
McGraw-Hill Education - Europe
Target group
College/higher education
Illustrations
1 Illustrations
Dimensions
Height: 231 mm
Width: 160 mm
Thickness: 13 mm
Weight
372 gr
ISBN-13
978-0-07-802556-3 (9780078025563)
Schweitzer Classification
Persons
Jay C. Thibodeau is the Rae D. Anderson Professor of Accounting at Bentley University.
Professor Thibodeau is a certified public accountant and a former auditor. He received his bachelors degree from the University of Connecticut in 1987 and his PhD from the University of Connecticut in 1996. He joined the faculty at Bentley in 1996 and has remained there. At Bentley, he serves as the coordinator for all audit and assurance curriculum matters. His off-campus commitments include consulting with the Audit Learning and Development group at KPMG.
Professor Thibodeaus scholarship focuses on audit judgment and decision making and audit education. He is a coauthor of two textbooks and has written more than 40 book chapters and articles for academics and practitioners in journals such as Auditing: A Journal of Practice & Theory, Accounting Horizons, and Issues in Accounting Education.
Professor Thibodeau served as the President of the Auditing Section of the American Accounting Association for the 2014/2015 academic year. He served on the Executive Committee for the Auditing Section from 2008 to 2010. He has received national recognition for his work five times. First, for his thesis, winning the 1996 Outstanding Doctoral Dissertation Award presented by the ABO section of the AAA. Three other times, for curriculum innovation, winning the 2001 Joint AICPA/AAA Collaboration Award, the 2003 Innovation in Assurance Education Award, and the 2016 Forensic Accounting Teaching Innovation Award. Finally, for outstanding service, receiving a Special Service Award from the Auditing Section for his work in helping to create the Access to Auditors program sponsored by the Center for Audit Quality.
Professor Thibodeau is a certified public accountant and a former auditor. He received his bachelors degree from the University of Connecticut in 1987 and his PhD from the University of Connecticut in 1996. He joined the faculty at Bentley in 1996 and has remained there. At Bentley, he serves as the coordinator for all audit and assurance curriculum matters. His off-campus commitments include consulting with the Audit Learning and Development group at KPMG.
Professor Thibodeaus scholarship focuses on audit judgment and decision making and audit education. He is a coauthor of two textbooks and has written more than 40 book chapters and articles for academics and practitioners in journals such as Auditing: A Journal of Practice & Theory, Accounting Horizons, and Issues in Accounting Education.
Professor Thibodeau served as the President of the Auditing Section of the American Accounting Association for the 2014/2015 academic year. He served on the Executive Committee for the Auditing Section from 2008 to 2010. He has received national recognition for his work five times. First, for his thesis, winning the 1996 Outstanding Doctoral Dissertation Award presented by the ABO section of the AAA. Three other times, for curriculum innovation, winning the 2001 Joint AICPA/AAA Collaboration Award, the 2003 Innovation in Assurance Education Award, and the 2016 Forensic Accounting Teaching Innovation Award. Finally, for outstanding service, receiving a Special Service Award from the Auditing Section for his work in helping to create the Access to Auditors program sponsored by the Center for Audit Quality.
Content
Section 1 Fraud Cases: Violations of Accounting Principles Case 1.1 Waste Management: The Matching PrincipleCase 1.2 WorldCom: The Revenue Recognition PrincipleCase 1.3 Qwest: The Full Disclosure PrincipleCase 1.4 Sunbeam: The Revenue Recognition PrincipleCase 1.5 Waste Management: The Definition of an AssetCase 1.6 Enron: The Revenue Recognition PrincipleCase 1.7 WorldCom: The Matching PrincipleCase 1.8 Bernard L. Madoff Investment and Securities: Broker-Dealer FraudCase 1.9 Qwest: The Revenue Recognition PrincipleCase 1.10 The Baptist Foundation of Arizona: The Conservatism ConstraintCase 1.11 WorldCom: The Definition of an AssetCase 1.12 Bernard L. Madoff Investment and Securities: The Role of the Securities & Exchange Commission (SEC)Section 2 Ethics and Professional Responsibility CasesCase 2.1 Enron: IndependenceCase 2.2 Waste Management: Due CareCase 2.3 WorldCom: Professional ResponsibilityCase 2.4 Enron: Quality AssuranceCase 2.5 Sunbeam: Due CareCase 2.6 Bernard L. Madoff Investment and Securities: A Focus on Auditors' and Accountants' Legal LiabilityCase 2.7 Enron: Audit DocumentationSection 3 Fraud and Inherent Risk Assessment CasesCase 3.1 Enron: Understanding the Client's Business and IndustryCase 3.2 The Baptist Foundation of Arizona: Related Party TransactionsCase 3.3 WorldCom: Significant Business AcquisitionsCase 3.4 Sunbeam: Incentives and Pressure to Commit FraudCase 3.5 Qwest: Understanding the Client's Business and IndustryCase 3.6 Bernard L. Madoff Investment and Securities: A Focus on Related Party TransactionsCase 3.7 Waste Management: Understanding the Client's Business and IndustrySection 4 Internal Control Systems: Entity-Level Control CasesCase 4.1 Enron: The Control EnvironmentCase 4.2 Waste Management: General Computing ControlsCase 4.3 The Baptist Foundation of Arizona: The Whistleblower HotlineCase 4.4 WorldCom: The Internal Audit FunctionCase 4.5 Waste Management: Top-Side Adjusting Journal EntriesSection 5 Internal Control Systems: Control ActivityCase 5.1 The Fund of Funds: Valuation of InvestmentsCase 5.2 Enron: Presentation and Disclosure of Special-Purpose EntitiesCase 5.3 Sunbeam: Completeness of the Restructuring ReserveCase 5.4 Qwest: Occurrence of RevenueCase 5.5 The Baptist Foundation of Arizona: Presentation and Disclosure of Related PartiesCase 5.6 Waste Management: Valuation of Fixed AssetsCase 5.7 Qwest: Occurrence of RevenueCompany CasesCase 1 EnronCase 2 Waste ManagementCase 3 WorldComCase 4 SunbeamCase 5 QwestCase 6 The Baptist Foundation of ArizonaCase 7 The Fund of Funds