Contemporary Auditing: Real Issues and Cases

605 Pages·2010·15.358 MB·English

by  Michael C. Knapp

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AUDITING
CONTEMPOR ARY

RREAL ISSUES & CASES MICHAEL C. KNAPP
EIGHTH EDITION
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1 Which of the following cases would you like to include?
Section 1: Comprehensive Cases Section 3: Internal Control Issues
❍ 1.1 Enron Corporation ❍ 3.1 The Trolley Dodgers
❍ 1.2 Just for FEET, Inc. ❍ 3.2 Howard Street Jewelers, Inc.
❍ 1.3 Jamaica Water Properties ❍ 3.3 United Way of America
❍ 1.4 Health Management, Inc. ❍ 3.4 Triton Energy Ltd.
❍ 1.5 The Leslie Fay Companies ❍ 3.5 Goodner Brothers, Inc.
❍ 1.6 NextCard, Inc. ❍ 3.6 Troberg Stores
❍ 1.7 Lincoln Savings and Loan Association ❍ 3.7 Saks Fifth Ave.*
❍ 1.8 Crazy Eddie, Inc.
❍ 1.9 ZZZZ Best Company, Inc. Section 4: Ethical Responsibilities of Accountants
❍ 1.10 Gemstar-TV Guide International, Inc. ❍ 4.1 Creve Couer Pizza, Inc.
❍ 1.11 New Century Financial Corporation ❍ 4.2 F&C International, Inc.
❍ 1.12 Madoff Securities ❍ 4.3 Suzette Washington, Accounting Major
❍ 1.13 General Technologies Group, Ltd.* ❍ 4.4 Thomas Forehand, CPA
❍ 1.14 AMRE* ❍ 4.5 Wiley Jackson, Accounting Major
❍ 1.15 Star Technologies* ❍ 4.6 Arvel Smart, Accounting Major
❍ 1.16 United States Surgical Corporation* ❍ 4.7 David Quinn, Tax Accountant
❍ 1.17 The Fund of Funds, Ltd.* ❍ 4.8 Laurel Valley Estates*
❍ 1.18 ESM Government Securities, Inc.* ❍ 4.9 Oak Industries, Inc.*
❍ 4.10 Jack Bass, Accounting Professor*
Section 2: Audits of High-Risk Accounts
❍ 2.1 Jack Greenberg, Inc. Section 5: Ethical Responsibilities
❍ 2.2 Golden Bear Golf, Inc. of Independent Auditors
❍ 2.3 Happiness Express, Inc. ❍ 5.1 Cardillo Travel Systems, Inc.
❍ 2.4 CapitalBanc Corporation ❍ 5.2 American International Group, Inc.
❍ 2.5 Dollar General Stores, Inc. ❍ 5.3 The North Face, Inc.
❍ 2.6 CBI Holding Company, Inc. ❍ 5.4 Waverly Holland, Audit Senior
❍ 2.7 Campbell Soup Company ❍ 5.5 Koger Properties, Inc.
❍ 2.8 Doughtie’s Foods, Inc.* ❍ 5.6 American Fuel & Supply Company, Inc.
❍ 2.9 Flight Transportation Corporation* ❍ 5.7 PTL Club*
❍ 2.10 J.B. Hanaue & Co.* ❍ 5.8 Zaveral Boosalis*
❍ 2.11 Giant Stores Corporation* ❍ 5.9 Mallon Resources Corporation*
❍ 2.12 Perry Drug Stores*
❍ 2.13 SmarTalk Teleservices*
❍ 2.14 Rocky Mount Undergarment Company, Inc.*
continued on back side
Section 6: Professional Roles Section 8: International Cases
❍ 6.1 Leigh Ann Walker, Staff Accountant ❍ 8.1 Livent, Inc.
❍ 6.2 Bill DeBurger, In-Charge Accountant ❍ 8.2 Royal Ahold, N.V.
❍ 6.3 David Myers, WorldCom Controller ❍ 8.3 Kansayaku
❍ 6.4 Tommy O’Connell, Audit Senior ❍ 8.4 Registered Auditors, South Africa
❍ 6.5 Avis Love, Staff Accountant ❍ 8.5 Zuan Yan
❍ 6.6 Charles Tollison, Audit Manager ❍ 8.6 Kaset Thai Sugar Company
❍ 6.7 Hamilton Wong, In-Charge Accountant ❍ 8.7 Australian Wheat Board
❍ 8.8 OAO Gazprom
❍ 8.9 Tata Finance Limited
Section 7: Professional Issues
❍ 8.10 Institute of Chartered Accountants of India
❍ 7.1 Ligand Pharmaceuticals ❍ 8.11 Societe Generale
❍ 7.2 Stephen Gray, CPA ❍ 8.12 Shari’a
❍ 7.3 Scott Fane, CPA ❍ 8.13 Republic of the Sudan
❍ 7.4 Hopkins v. Price Waterhouse ❍ 8.14 Mohamed Salem El-Hadad, Internal Auditor
❍ 7.5 Sarah Russell, Staff Accountant ❍ 8.15 Tae Kwang Vina
❍ 7.6 Bud Carriker, Audit Senior ❍ 8.16 Baan Company N.V.*
❍ 7.7 Fred Stern & Company, Inc. (Ultramares)
❍ 7.8 First Securities Company of Chicago (Hochfelder)
❍ 7.9 CPA2Biz.com*
❍ 7.10 Texas Drug Warehouse*
* Cases drawn from previous editions of Knapp’s
❍ 7.11 Taxing Transactions*
❍ 7.12 Stock Option Mania* Contemporary Auditing that are not available
❍ 7.13 HealthSouth Corporation* in the 8th edition.
❍ 7.14 PricewaterhouseCoopers Securities*
❍ 7.15 National Medical Transportation*
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C A
ONTEMPORARY UDITING
R I C
EAL SSUES AND ASES
Eighth Edition
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C A
ONTEMPORARY UDITING
R I C
EAL SSUES AND ASES
Eighth Edition
Michael C. Knapp
University of Oklahoma
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Contemporary Auditing: Real Issues and © 2011, 2010 South-Western, a part of Cengage Learning
Cases, Eighth Edition
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Michael C. Knapp
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DEDICATION
To my parents
William Jackson Knapp and
Orebel DeBurger Knapp