Find great deals for contemporary auditing : real issues and cases by michael c knapp (2008, paperback) shop with confidence on ebay. Crazy eddie 's 1984 to 1987 financial statement showed several red flags that auditors should pay more attention for them in conclusion those red flags indicated the auditors face higher level of audit risk when they perform audit. 9781133187899 our cheapest price for contemporary auditing is $001 the leslie fay companies, nextcard, inc, lincoln savings and loan association, crazy eddie. Isbn: 9781439078198 contemporary auditing : real issues & cases, update (7th ed) by knapp,michael special order - from $9346 publisher: cengage learning. By studying this case, we can help ourselves in the prevention in future financial frauds of this kind 4 knapp, michael c contemporary auditing cengage learning, 1997 what we wrote about madoff.
The original predecessor company to crazy eddie was ers electronics, which was founded by eddie antar, sam m antar (eddie's father), and ronnie gindi (a first cousin) in 1969 eddie, ronnie, and sam. So that's why it's called a pyramid scheme in the crazy eddie's case, the audit trail was easy to fake antar's underlings prepared phony invoices. Pris: 991 kr häftad, 2012 skickas inom 7-10 vardagar köp auditing cases, international edition av michael c knapp på bokuscom.
The book goes into current auditing cases from enron to other famous audting cases such as crazy eddie each case gives you a short synopsis with relevant auditing principles and final outcomes for each case. Eddie antar, the brooklyn-born man who created the chain of crazy eddie electronics stores only to watch it collapse when an underlying fraud was exposed, died on saturday he was 68 his death. The public face of crazy eddie recalls the real one image jerry carroll, the voice and face of crazy eddie in commercials, in a 1998 photograph we eventually settled on 'crazy eddie, his. This paper is on the crazy eddie's accounting fraud and audit risk it is 2,067 words, which is 8 pages doubled spaced it is written in apa format, with 5 references.
Knapp's market-leading auditing casebook stresses the people aspect of independent audits the purpose of this casebook is to allow readers to learn from cases based on problem audits. Crazy eddie's auditors were fooled by not taking precautions to avoid double counting the inventory the firm must follow the generally accepted auditing standards one of the standards of field work is to obtain a sufficient understanding of the entity and its environment including its internal control. The fraud at crazy eddie was one of the longest running in modern times, lasting from 1969 to 1987 on crazy eddie, inc financial fraud audit errors the.
Auditing case 2: crazy eddie, inc 1 an analysis of key ratios during the period of 1984-1987 would have resulted in red flags that indicated that crazy eddie had a higher than normal level of audit risk. Description solution manual for contemporary auditing, 10th edition michael c knapp table of content 1 comprehensive cases enron corporation lehman brothers holdings inc. Crazy eddie financial fraud this is an old article -- from 2000 -- but the sidebar (at the end) describing how the electronics store crazy eddie committed massive financial fraud is fascinating there are numerous ways to classify financial statement frauds. Get this from a library contemporary auditing : real issues and cases [michael c knapp] -- this auditing casebook stresses the people aspect of independent audits and its purpose is to allow the reader to learn from cases based upon problem audits.
Crazy eddie was an electronics and appliances retail store chain run by the antar family, which began operations as a private company in the 1960s it was famed for its bargains: crazy eddie. Auditing & assurance services crazy eddie's c40 table of contents part one: the contemporary auditing environment 1 auditing and assurance services 1 2. Knapp's contemporary auditing: real issues and cases, eighth edition, uses real-world cases to acquaint you with the work environment of auditors crazy eddie. This information is provided by a service that aggregates data from review sources and other sources that are often consulted by libraries, and readers.
Crazy eddie paid managers almost 3/4 of their salaries in cash audit, sometimes free, in hopes of being compensated by taking on more lucrative non auditing work. Crazy eddie was a consumer electronics chain in appearing in the background of contemporary motion pictures completed their preliminary audit a few weeks. Crazy eddie fraud published: november 27, 2015 crazy eddie electronics was a regional electronics chain in new york city that was failed due to massive fraud committed by its management. Knapp's contemporary auditing: real issues and cases is the only auditing textbook that relies exclusively on 'real world' auditing cases to demonstrate vividly and.
The ninth edition of knapp's contemporary auditing: real issues and cases utilizes real-world cases to highlight the work environment of auditors these cases help students to identify audit problem areas by using real-world examples and pointing out potential red flags. The fraud at crazy eddie was one of the longest running in modern times, lasting from 1969 to 1987 crazy eddie became a known symbol for corporate fraud in its time, but has since been eclipsed by the enron, worldcom and bernie madoff accounting scandals. Craze eddie was an electronic retail chain known for its prices and crazy commercials the company collapsed in 1989 and eddie fled to israel the next year.