Tangibles Corporation: A Receivables Audit Simulation.

• In Event: Fraud Detection and Auditor Judgement Decision Making

Abstract

The purpose of this case is to help students apply auditing concepts and techniques to multiple receivables accounts. Specifically, students enhance their auditing, analytical and decision-making skills as they perform audit procedures on receivables accounts and prepare audit work paper to document the procedures performed and the outcome of those procedures. The procedures performed include an analysis for the adequacy of the allowance for doubtful account, preparation of confirmation letter, adjustments for misstatements, and the identification of relevant disclosures, using the Accounting Standard Codification. The case can be assigned as a group or individual work.

Author

• Ifeoma Udeh, Elon University