e-Case Previews

Summary: Exercising professional skepticism is one of the most important responsibilities of an auditor and an accountant. According to AU 230.09, a skeptical auditor is one who “neither assumes that management is dishonest nor assumes unquestioned honesty.” This standard is heavily cited in the authoritative auditing literature; however, these can be difficult assumptions to maintain.

Summary: Nonprofit organizations play a big role in today’s economy. According to research by the Independent Sector, there are more than 1.1 million nonprofit organizations that generate $1.5 trillion in revenue. However, these organizations that work so hard to do good in the world are some of the most susceptible to fraud. The combination of a trusting

This e-case bundle covers the story of the largest municipal fraud in U.S. history to date, a trusting auditor who did not discover her client’s fraud, and a manager who embezzled money from her employer due to weak internal controls. Discover how this e-case bundle provides the backdrop for an engaging discussion about professional skepticism,