Schatzel - Real Audit Simulation

06/09/2010

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Real Audit: The Real-World Interactive Auditing Simulation. John A. Schatzel.

RealAudit is a multimedia interactive financial auditing simulation. This e-learning tool challenges students to locate audit evidence, converse with the client using a multiple choice dialoguing engine, select and use appropriate auditing procedures, and negotiate adjustments with the controller. Success in properly acquiring the evidence and dealing with the client will affect the outcome of the simulated audit.
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Kerr, Elder & Arens - Integrated Practice Set

06/09/2010

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Integrated Audit Practice Case, 5th Edition. David Kerr, Randy Elder & Al Arens (Armond Dalton, 2011).

A manual audit practice case to help students learn to solve audit problems by applying knowledge from different sources. Completing Integrated Audit Practice Case is ideal preparation for students to learn these skills. Students are required to use a wide variety of information to make audit decisions and integrate that information throughout an audit.
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Morris & Jones - Valley Publishing Company

06/09/2010

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Comprehensive Audit Case: The Valley Publishing Company, 12th Edition. William Morris Jr. & Ambrose Jones III (Armond Dalton, 2011).

A simulated audit of a small town newspaper publishing company designed to illustrate the principles of audit field work and basic workpaper preparation. The focus is on documentation for the achievement of audit objectives and on communication of findings.
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Ingraham & Jenkins - Integrated Practice Set

06/09/2010

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Assurance Practice Set for Comprehensive Assurance & Systems Tool (CAST) – Integrated Practice Set, 2nd Edition. Laura Ingraham & J. Greg Jenkins (Pearson, 2010).

The Assurance module provides students hands-on experience with fundamental elements of financial statement assurance. This module is comprised of components related to the client acceptance decision, understanding the business environment, understanding and testing internal controls, assessing risks and materiality, conducting substantive tests, evaluating attorney's letters, performing analytical review procedures, and determining the appropriate audit opinion. These components build upon one another and should be completed in the order in which they are presented.
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Trussel & Frazer - Lakeside Company

06/09/2010

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Lakeside Company: Case Studies in Auditing, 12th Edition. John Trussel & J. Douglas Frazer (Pearson, 2012).

For undergraduate/graduate courses in auditing. The cases in The Lakeside Company create a realistic view of auditing by putting abstract concepts into practice.
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Jack Paul - Peach Blossom Cologne

06/09/2010

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Peach Blossom Cologne Company with CD, 4th Edition. Jack W. Paul (McGraw-Hill Irwin, 2007).

The fourth edition of the Peach Blossom Cologne Company Audit Case contains many new features, most significantly exercises dealing with the audit of internal control over financial reporting. Optional exercises simulate the planning phase of a real audit, including preparation of an engagement letter, completing a time budget, and conducting analytical procedures. In analyzing the potential problems uncovered by analytical procedures, students are required to provide an analysis of risks and a discussion of those accounts that may present potential problems. The optional internal control flowcharting exercises are based on the client’s computer system. Two statistical sampling exercises are included: an attributes sampling application and a variables sampling exercise using dollar-unit (PPS) sampling. New to this edition is a table that cross-references exhibits to their related assignments. Additionally, students are provided a CD that contains working paper templates enabling students to complete some or all of the working papers electronically. For those instructors who would like to provide audit programs to their students, a CD containing audit programs is available. Students can use these programs as a starting point for developing their own audit programs.
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