The Audit Planning Visit: Meeting AECC Objectives in the Audit Classroom
In the traditional cycle approach to the auditing course, students are introduced to the public accounting profession and learn about the audit process by applying auditing concepts to each of the primary business operating cycles. In this article, the author presents a variation to the traditional cycle approach to audit education. The Audit Planning Visit introduces students to auditing concepts such as audit objectives, risk, internal controls, and audit tests and evidence by requiring students to visit a local business and design an audit approach for the purchases/payables, payroll/personnel, inventory/production, or cash cycles. The exercise provides an opportunity for participants to visit a local business, observe a business operating cycle, develop a group oral presentation, and write an individual audit planning memo tailored to that cycle. Evaluations provided by past participants suggest that the exercise effectively integrates Accounting Education Change Commission learning objectives into the standard auditing course. Additionally, students acquire interpersonal and communication skills, improve their understanding of technical auditing concepts, and perceive the exercise as a valuable addition to the traditional curriculum.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Jan 1998|
|Contact details of provider:|| Phone: (508)793-3362|
Fax: (508) 793-3708
Web page: http://www.holycross.edu/departments/economics/website/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hcx:wpaper:9802. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.