Sprandel, Inc.: Electronic Workpapers, Audit Documentation, and Closing Review Notes in the Audit of Accounts Receivable
Workpaper review is an important quality control mechanism in the audit environment. However, appropriately responding to review notes is not commonly taught. The Sprandel, Inc. case provides a hands-on learning experience for students to connect textbook audit knowledge through use of an activity r...
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Veröffentlicht in: | Issues in accounting education 2018-05, Vol.33 (2), p.43-55 |
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creator | Andiola, Lindsay M. Lambert, Tamara A. Lynch, Edward J. |
description | Workpaper review is an important quality control mechanism in the audit environment. However, appropriately responding to review notes is not commonly taught. The Sprandel, Inc. case provides a hands-on learning experience for students to connect textbook audit knowledge through use of an activity regularly performed in audit practice: closing review notes. Through the process of closing review notes, students practice auditing accounts receivable, including performing audit procedures related to internal controls and substantive audit work. The case also provides students with an opportunity to use Excel to complete electronic workpapers and to document their audit procedures. Further, the case requires students to use critical-thinking skills and apply professional skepticism when performing audit procedures, evaluating audit evidence, and making decisions. Finally, this case helps students understand how auditing standards apply to the procedures performed during an audit of accounts receivable. The case is designed for auditing courses at the undergraduate or graduate level. |
doi_str_mv | 10.2308/iace-52055 |
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source | Business Source Complete (BSC) 商管财经类全文数据库(完整版) |
subjects | Accounts receivable Auditing standards Audits Electronic documents Experiential Learning Internal controls Paperwork Quality Control Students Thinking Skills |
title | Sprandel, Inc.: Electronic Workpapers, Audit Documentation, and Closing Review Notes in the Audit of Accounts Receivable |
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