Knapp's CONTEMPORARY AUDITING: REAL ISSUES AND CASES, Ninth Edition, uses real-world cases to acquaint you with the work environment of auditors. It also helps you to recognize the red flags that often accompany problem audits. This new edition offers exciting new cases that cover Lehman Brothers Holdings Inc., First Keystone Bank, Foamex International Inc., Phillips Petroleum Company, and Freescale Semiconductor Inc. Five new cases have also been added to the "Audits of High-Risk Accounts" section, examining well-known companies such as General Motors, Lipper Holdings, LLC, Geo Securities, Inc., Belot Enterprises, and Regina Company, Inc. The ninth edition fully integrates risk assessment standards recently adopted by the auditing community. What better training for the real world of auditing than to learn by studying real companies and situations!
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Michael Knapp has taught undergraduate and graduate auditing courses for more than thirty years. He has developed numerous online CPE courses that focus on a wide range of auditing topics, including the COSO internal control framework, the most common types of accounting frauds, and the impact cognitive biases have on the quality of professional audit services. Professor Knapp has also testified in several major litigation cases involving accounting and auditing issues. For three years, he served as a consultant with the FBI on a major white collar criminal case. Recently, he accepted an invitation from the FBI to speak at a national conference attended by more than 500 FBI agents and other federal law enforcement officers. His honors at the University of Oklahoma include, among many others, the Harold E. Hackler Outstanding MBA Professor (determined by a vote of OU�s MBA students), the Outstanding Oklahoma Accounting Educator (awarded by the Oklahoma Society of CPAs), the Delta Sigma Pi Professor of the Year (awarded by the OU undergraduate business students� honor society), the David Ross Boyd Professorship (a university-wide designation for teaching excellence awarded to one professor annually), and the McLaughlin Chair in Business Ethics.
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