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Auditing Cases, International Edition 9e

ISBN-13: 9781133187905 / ISBN-10: 1133187900

Michael C. Knapp, University of Oklahoma
Published by Cengage Learning, ©2013
Available Now

Knapp’s AUDITING CASES, 9E, International Edition utilizes real-world cases to highlight the work environment of auditors. These cases help students to identify audit problem areas by using real-world examples and pointing out potential red flags. Knapp’s AUDITING CASES, 9E, International Edition contains the most recent, compelling, and up-to-date examples, including Lehman Brothers Holdings Inc., First Keystone Bank, Phillips Petroleum Company, and Freescale Semiconductor Inc. New cases have also been added to the "Audits of High-Risk Accounts" section, examining well-known companies such as General Motors and Lipper Holdings, LLC. The ninth edition fully integrates all recent risk assessment standards recently adopted by the auditing community. This casebook can be used to supplement the first undergraduate auditing course, as a primary text for a second undergraduate auditing course, or for a graduate-level auditing seminar. Selected cases in this text are also suitable for use in financial accounting courses.


  • CUSTOMIZED VERSIONS: Using the "Make It Yours" program, instructors are able to build their own casebook, including only the cases needed for their course. Michael C. Knapp suggests several versions of a customized textbook for various accounting courses in the preface.
  • KEY AUDITING PRACTICES & PROCEDURES: The case format helps students better understand auditing practices by presenting key auditing elements and procedures in real-world contexts. Studying problem audits also provides students with a dose of reality by illustrating the serious consequences that can result from "busted" audits and/or unethical conduct.
  • WELL ORGANIZED: Cases are organized into eight sections to help instructors organize their course around learning objectives and to readily mix and match cases from semester to semester.
  • DETAILED SOLUTIONS MANUAL: The solutions manual provides a detailed solution for each case. Each case solution includes a case synopsis, list of key facts (that can be used as a teaching template), list of instructional objectives, suggestions for use (tips on how to integrate the given case into a course), and suggested answers to each case question. The instructor’s manual also includes a syllabus for a semester-long auditing course based on this text that could be offered either at the graduate or undergraduate level.

SECTION 1 Comprehensive Cases.
1.1 AMRE, Inc 1.2 Just for FEET, Inc 1.3 Enron Corporation. 1.4 Lehman Brothers Holdings Inc. 1.5 United States Surgical Corporation 1.6 Madoff Securities. 1.7 New Century Financial Corporation 1.8 Gemstar-TV Guide International, Inc.. 1.9 ZZZZ Best Company, Inc. 1.10 Crazy Eddie, Inc.
SECTION 2 Audits of High-Risk Accounts.
2.1 Doughtie’s Foods, Inc. 2.2 Lipper Holdings, LLC. 2.3 Happiness Express, Inc. 2.4 SmartTalk Teleservices, Inc. 2.5 General Motors Company. 2.6 CBI Holding Company, Inc. 2.7 CapitalBanc Corporation.
SECTION 3 Internal Control Issues.
3.1 First Keystone Bank 3.2 Howard Street Jewelers, Inc. 3.3 Buranello’s Ristorante. 3.4 Goodner Brothers, Inc. 3.5 Triton Energy Ltd. 3.6 United Way of America.
SECTION 4 Ethical Responsibilities of Accountants.
4.1 Rocky Mount Undergarment Company, Inc. 4.2 Suzette Washington, Accounting Major. 4.3 Oak Industries, Inc 4.4 Creve Couer Pizza, Inc. 4.5 F&C International, Inc. 4.6 Freescale Semiconductor, Inc.
SECTION 5 Ethical Responsibilities of Independent Auditors.
5.1 Waverly Holland, Audit Senior. 5.2 American International Group, Inc. 5.3 The PTL Club. 5.4 Cardillo Travel Systems, Inc. 5.5 Koger Properties, Inc. 5.6 Phillips Petroleum Company.
SECTION 6 Professional Roles.
6.1 Bill DeBurger, In Charge Accountant 6.2 Leigh Ann Walker, Staff Accountant 6.3 Tommy O’Connell, Audit Senior 6.4 Avis Love, Staff Accountant 6.5 Charles Tollison, Audit Manager 6.6 Hamilton Wong, In-Charge Accountant.
SECTION 7 Professional Issues.
7.1 Baan Company, N.V 7.2 Hopkins v. Price Waterhouse 7.3 Ligand Pharmaceuticals. 7.4 Sarah Russell, Staff Accountant 7.5 Stock Option Mania 7.6 National Medical Transportation Network.
SECTION 8 International Cases.
8.1 Royal Ahold, N.V. 8.2 Livent, Inc 8.3 Registered Auditors, South Africa 8.4 Kansayaku 8.5 Republic of Somalia 8.6 Zuan Yan 8.7 Australian Wheat Board 8.8 Parmalat Finanziaria, S.p.A. 8.9 OAO Gazprom 8.10 Tata Finance Limited 8.11 Institute of Chartered Accountants of India. 8.12 Societe Generale 8.13 Shari’a 8.14 Republic of the Sudan 8.15 Mohamed Salem El-Hadad, Internal Auditor 8.16 Tae Kwang Vina. 8.17 Kaset Thai Sugar Company.
  • NEW CASES: This edition features new cases, including Lehman Brothers Holdings Inc., First Keystone Bank, Phillips Petroleum Company, and Freescale Semiconductor Inc.
  • NEW AUDITS OF HIGH-RISK ACCOUNTS CASES: New cases have also been added to the "Audits of High-Risk Accounts" section, examining well-known companies such as General Motors and Lipper Holdings, LLC.
  • IMPROVED INSTRUCTOR POWERPOINT DECK: Revamped PowerPoint slides highlight the key information for each case, allowing the instructor to quickly explain each case. These are available on the instructor companion site.

"I consider Knapp Contemporary Auditing Real Issues & Cases to be the premier auditing casebook on the market."Thomas Noland, University of South Alabama

"The cases bring realism to auditing at the undergraduate level. The cases are easy to read, they keep my attention, they engender class discussion quite easily, and they use some cases that are recent and therefore familiar to the students."Jason Bergner, University of Kentucky

Michael C. Knapp
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.