Contemporary Auditing: Real Issues and Cases

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!

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

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.