For undergraduate/graduate courses in auditing.
The cases in The Lakeside Company create a realistic view of auditing by putting the abstract concepts into practice.
How do you prepare students for the workforce in your auditing class? What types of projects do you assign over the course of the semester that will allow students to get a hands-on look at how an auditor would organize information and solve problems associated with an audit?
The cases in The Lakeside Company are intended to create a realistic view of how an auditor organizes and performs an audit examination. These cases provide a simulation that permits students to put the abstract and difficult concepts of auditing into practice. Students have to perform realistic audit activities, such as:
- Analyze fraud risk factors;
- Assess the implications of the Sarbanes-Oxley Act;
- Perform analytical procedures;
- Prepare audit reports;
What are some of the characteristics of typical auditing cases that you use in class? Do you prefer a text that is readily adaptable to your needs?
This text contains a variety of features intended to provide the utmost flexibility in teaching auditing. Some of the highlights include:
- Each case can be used in virtually any order because each one is written as a relatively independent situation.
- The cases offer an array of possible approaches: discussion questions, exercises, and research assignments.
- Students can work individually or on teams.
- Audio clips - The website includes audio clips prepared by the “consulting partner” on the audit team, which offers additional questions that require critical thinking about the subject material of the cases.
- Electronic Working Papers - The website includes supplemental templates for the exercises that may be used as audit documentation.
What kind of homework do you assign over the course of the semester? Do you challenge the students with group work and long-term projects?
The textbook contains various assignments and research questions that allow students to think analytically outside of class.
- Assignments: Many of the questions in this book are open-ended, designed to stimulate the ability to analyze auditing problems. Often, as in a real audit, no absolutely correct answer in possible. Students must evaluate the facts and attempt to arrive as a logical conclusion or a viable course of action.
- Research Questions: Many cases include a section called “Apply Your Research” in which students are asked to expand upon a topic addressed in the case.
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