Comprehensive Assurance & Systems Tool (CAST) — Assurance Practice Set

Description

For courses in auditing.

An integrated learning opportunity that encompasses financial statement assurance and accounting info systems

Assurance Practice Set for Comprehensive Assurance & Systems Tool (CAST) uniquely exposes students to these issues at The Winery at Chateau Americana, a hypothetical company that is based on an actual domestic winery. Unlike traditional projects and assignments that may offer little to no context, students develop a rich knowledge and understanding of Chateau Americana and its industry as they provide assurance on the company’s financial statements and address a variety of challenging accounting info systems issues. The 4th Edition has been updated in response to changes that have occurred in technology and the field of accounting, so that students have the latest information and tools they need to prepare them for their future careers.

1. Client Acceptance
2. Understanding the Business Environment
3. Identification of Audit Tests for the Expenditure Cycle
4. Selection of Audit Tests and Risk Assessment for the Expenditure Cycle
5. Performance of Audit Tests for the Revenue Cycle

Hallmark features of this title

• The text covers the client acceptance decision, understanding the business environment, understanding and testing internal controls, and assessing risks and materiality. Also, 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 they’re presented.
• Students get hands-on experience and the chance to strengthen their analytical thinking, written and oral communication, problem-solving, and team building skills.
• CAST is suited for simultaneous integration across assurance and information systems classes.
• The module can be completed either as an in-class or out-of-class assignment.

For courses in auditing.

An integrated learning opportunity that encompasses financial statement assurance and accounting info systems

Assurance Practice Set for Comprehensive Assurance & Systems Tool (CAST) uniquely exposes students to these issues at The Winery at Chateau Americana, a hypothetical company that is based on an actual domestic winery. Unlike traditional projects and assignments that may offer little to no context, students develop a rich knowledge and understanding of Chateau Americana and its industry as they provide assurance on the company’s financial statements and address a variety of challenging accounting info systems issues. The 4th Edition has been updated in response to changes that have occurred in technology and the field of accounting, so that students have the latest information and tools they need to prepare them for their future careers.

New and updated features of this title

• UPDATED: All references reflect the most recently issued professional auditing standards.
• UPDATED: Industry data and terminology have been updated to provide more current info to complete the case.