PDF-(EBOOK)-Contemporary Auditing: Real Issues and Cases

Learn how to think like an auditor with CONTEMPORARY AUDITING REAL ISSUES AND CASES With examples pulled exclusively from realworld auditing cases youll quickly learn how to recognize and understand the critical factors and circumstances that determine the outcome of audits Studying audits within the text provides you with the information about the true nature of the work environment and work roles of independent auditors. 2014-2015 Fall . Week 1. 1. WELCOME!. 2. WHO AM I?. ??????. 3. WHAT IS CONTEMPORARY?. Complicated. Not standard. Continuous. Altering. Consumed. Created. Inspired. ....????. 4. CONTEMPORARY ISSUES IN LOGISTICS. : An Extended Case Study. Jim Rothwell. Assistant Professor of Accounting. Hickingbotham School of Business Ouachita Baptist University. The Crooked E: Coincidence or Prophecy ?. JAMES NIELSEN/AFP. Questions ?. Knapp\'s CONTEMPORARY AUDITING: REAL ISSUES AND CASES, Eighth Edition, uses real-world cases to acquaint you with the work environment of auditors. It also helps you recognize the red flags that often accompany problem audits. This new edition offers exciting new cases that cover the massive economic crisis that the U.S. and global economies have recently faced. In addition, new cases have been added to the International Cases section, examining auditing challenges in Australia, China, India, Japan, Russia, South Africa, and several others. The eighth 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! 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! Knapp?s CONTEMPORARY AUDITING, 11E prepares you for the challenging responsibilities you will face in the public accounting profession. This casebook stresses the people aspect of independent audits. You learn how to avoid audit failures most often due to client personnel who intentionally subvert an audit or auditors who fail to carry out their responsibilities. This book?s detailed review of problem audits helps you recognize the red flags common to failed audits. Discussing and dissecting these challenges prepares you to handle potential problematic situations in your own professional career. You also acquire a higher-level understanding of auditing standards, ethical principles, audit procedures, and other issues related to independent auditing. By studying these topics in memorable real-world context, you achieve a more in-depth, intuitive comprehension of auditing fundamentals, which translates into improved performance on the CPA exam and other professional exams. 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. This type of approach has long been acknowledged as a superior manner in which to teach. Since the authors present the concepts of auditing using actual corporate contexts, they seek to provided students with a real-life appreciation of these issues and clearly demonstrate the value of the Sarbanes-Oxley Act of 2002 and the post-Sarbanes technical audit guidance.The Third Edition has been updated to reflect all of the major changes happening in today\'s society with actual companies such as Enron, WorldCom, Qwest, Sunbeam, that have become synonymous with the capital markets\' crisis in confidence. With 45 different short cases, instructors can assign 8 to 9 different cases for each of four different semesters. Learn how to think like an auditor with CONTEMPORARY AUDITING: REAL ISSUES AND CASES, 7th Edition! With examples pulled exclusively from real-world auditing cases, you\'ll quickly learn how to recognize and understand the critical factors and circumstances that determine the outcome of audits. Studying audits within the text provides you with the information about the true nature of the work environment and work roles of independent auditors. Prepare for the challenging responsibilities in public accounting today as Knapp?s CONTEMPORARY AUDITING, 12E exposes you to a variety of high-risk audits. Numerous high-profile and current cases teach you to recognize red flags common in accounting fraud, including missing documents, porous or nonexistent internal controls and implausible relationships between key financial statement items and financial data that are literally too good to be true. You also examine the most common causes of failures in independent audits: client personnel who intentionally subvert an audit or auditors who fail to follow professional responsibilities. This edition discusses and dissects challenging circumstances that arise in audits to prepare you to handle problematic situations in your own career. You acquire an understanding of auditing standards, audit procedures and ethical principles related to independent auditing that can translate to improved performance on the CPA exam and even career success. The tenth edition of Knapp\'s CONTEMPORARY AUDITING utilizes real-world cases to highlight the work environment of auditors. Using real-world examples and pointing out potential red flags, these cases help users to identify audit problem areas. Knapp\'s CONTEMPORARY AUDITING contains the most recent, compelling, and up-to-date examples. Those cases most widely used by adopters have been retained: Enron Corporation, Golden Bear Golf, Hopkins v. Price Waterhouse, Lehman Brothers, Leigh Ann Walker, Madoff Securities, The Trolley Dodgers, and ZZZZ Best Company. Many of the returning cases have been updated to include relevant circumstances and events that have occurred since the publication of the previous edition. This edition features 18 new cases. Three of them are comprehensive cases: AA Capital Partners, DHB Industries, and Navistar International Corporation. New cases in the Audits of High-Risk Accounts section include LocatePlus Holdings Corporation, Powder River Petroleum International, and Take-Two Interactive Software. The sections of the book that focus on ethical issues have three new cases: Accuhealth, Dell, and Wichita Falls. Section 5, Ethical Responsibilities of Independent Auditors, has new cases on IPOC International Growth Fund, Richard Grimes, Staff Accountant, and Ryden Trucking. The final new case is an international case, Longtop Financial Technologies Limited. The tenth edition fully integrates all recent risk assessment standards recently adopted by the auditing community. The future of the free market depends on fair, honest business practices. Business Ethics: Contemporary Issues and Cases aims to deepen students\' knowledge of ethical principles, corporate social responsibility, and decision-making in all aspects of business. The text presents an innovative approach to ethical reasoning grounded in moral philosophy. Focusing on corporate purpose--creating economic value, complying with laws and regulations, and observing ethical standards--a decision-making framework is presented based upon Duties-Rights-Justice. Over 40 real-world case studies allow students to grapple with a wide range of moral issues related to personal integrity, corporate values, and global capitalism. Richard A. Spinello delves into the most pressing issues confronting businesses today including sexual harassment in the workplace, cybersecurity, privacy, and environmental justice. Stem cell research is headline news. Researchers are eager to move forward, state governments and private foundations are rushing to support it, and the sick and afflicted are desperate for its benefits. Yet powerful forces in our society — led by President George W. Bush — find it morally troubling and they are doing all in their powers to restrict its development beyond a very limited scale.Stem cells, which have the remarkable potential to develop into different parts of the body, are actually harvested from aborted fetal tissue or newly fertilized cells. Proponents of stem cell research argue that scientists are making legitimate use of already aborted fetuses and it is unfair to deprive those who are suffering the benefits of a potentially revolutionary therapy. Yet this practice has raised sharp criticisms from the Religious Right, who charge that science is capitalizing on an abhorrent procedure. Given the medical potential for treatment of incurable diseases by stem cell research, as well as the moral dilemmas this technology poses, should such research be permitted? What moral, religious, or political objections might be raised?Philosophers Michael Ruse and Christopher A. Pynes have compiled this valuable, up-to-date, and newly revised collection of articles by noted experts to address all aspects of the stem cell controversy. The contributors — scientists, medical practitioners, philosophers, theologians, historians, and policy analysts — offer a variety of perspectives to give readers the critical tools they need to shape an informed position on the topic. Readers will come away with a deeper understanding of the science of stem cell research, its medical cures and promises, and the moral, religious, and policy concerns surrounding this controversial social issue. Rev. ed. of: Introduction to health care ethics. c2007. Stem cell research is headline news. Researchers are eager to move forward, state governments and private foundations are rushing to support it, and the sick and afflicted are desperate for its benefits. Yet powerful forces in our society — led by President George W. Bush — find it morally troubling and they are doing all in their powers to restrict its development beyond a very limited scale.Stem cells, which have the remarkable potential to develop into different parts of the body, are actually harvested from aborted fetal tissue or newly fertilized cells. Proponents of stem cell research argue that scientists are making legitimate use of already aborted fetuses and it is unfair to deprive those who are suffering the benefits of a potentially revolutionary therapy. Yet this practice has raised sharp criticisms from the Religious Right, who charge that science is capitalizing on an abhorrent procedure. Given the medical potential for treatment of incurable diseases by stem cell research, as well as the moral dilemmas this technology poses, should such research be permitted? What moral, religious, or political objections might be raised?Philosophers Michael Ruse and Christopher A. Pynes have compiled this valuable, up-to-date, and newly revised collection of articles by noted experts to address all aspects of the stem cell controversy. The contributors — scientists, medical practitioners, philosophers, theologians, historians, and policy analysts — offer a variety of perspectives to give readers the critical tools they need to shape an informed position on the topic. Readers will come away with a deeper understanding of the science of stem cell research, its medical cures and promises, and the moral, religious, and policy concerns surrounding this controversial social issue. Rev. ed. of: Introduction to health care ethics. c2007.