Knapp's CONTEMPORARY AUDITING: REAL ISSUES AND CASES, UPDATE, 7th Edition helps you recognize the red flags that often accompany problem audits. The use of real-world cases acquaints you with the work environment of auditors. The updated 7th edition offers an exciting new case describing the 2007 collapse of New Century Financial Corporation which signaled the beginning of the subprime mortgage crisis in the United States. The new case addresses Section 404 of the Sarbanes-Oxley Act and PCAOB AS #5 to keep you up-to-date. In addition, a new "International Cases" section examines auditing challenges in Australia, China, India, Japan, Russia, South Africa, and several others. The updated 7th Edition fully integrates risk assessment standards recently adopted by the auditing community.

About the Author

Michael Knapp has taught undergraduate and graduate auditing courses for more than twenty years. He has developed numerous online CPE courses and has testified in several major litigation cases involving accounting and auditing issues. His honors at the University of Oklahoma include the Merrick Foundation Teaching Award; Arthur Andersen Faculty Fellow, School of Accounting; Honorary Faculty Member, Golden Key National Honor Society; Distinguished Educator Award, School of Accounting; John E. Mertes, Jr., Presidential Professor; Delta Sigma Pi Professor of the Year, Price College of Business; and McLaughlin Chair in Business Ethics.

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