Show simple item record

AuthorShahriar M., Saadullah
AuthorElsayed, Nader
Available date2022-11-10T09:56:09Z
Publication Date2020-06-20
Publication NameJournal of Accounting Education
Identifierhttp://dx.doi.org/10.1016/j.jaccedu.2020.100678
CitationSaadullah, S. M., & Elsayed, N. (2020). An audit simulation of the substantive procedures in the revenue process–A teaching case incorporating Bloom’s taxonomy. Journal of Accounting Education, 52, 100678.
ISSN0748-5751
URIhttps://www.sciencedirect.com/science/article/pii/S0748575120300348
URIhttp://hdl.handle.net/10576/36227
AbstractAudit education has been calling for changes in teaching methodology since the 1970s (Burton & Bradley, 1992), as many universities are insufficiently equipping their graduates with the necessary professional skills. This project helps students gain hands-on experience while performing parts of the substantive procedures in the revenue process. The learning objectives of this project include hands-on experience with (1) substantive procedures, (2) error detection and documentation, (3) identification of accounts affected due to the detected errors, (4) effects on financial statements due to those errors, and (5) connecting the errors detected with compromised management assertion(s). The students perform substantive procedures related to the revenue process to find errors in financial statements and supporting documents. Once they detect the errors, the students document them along with the related management assertion(s) that were compromised and then identify the accounts affected and the effect on the financial statements. All the documents and guidelines for implementation are available in the teaching notes.
Languageen
PublisherElsevier
SubjectAudit simulation
Audit theory and practice
Revenue process
Substantive procedures
Test of details
Bloom’s taxonomy
Management assertions
Accounting education
TitleAn audit simulation of the substantive procedures in the revenue process – A teaching case incorporating Bloom’s taxonomy
TypeArticle
Volume Number52
ESSN1873-1996
dc.accessType Abstract Only


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record