Valley Publishing Company A Comprehensive Audit Case

A simulated audit of a small town newspaper publishing company designed to illustrate the principles of audit field work and basic workpaper preparation. The focus is on documentation for the achievement of audit objectives and on communication of findings. New to the 13th Edition: Improved grading templates and clarity throughout. Updates to student modules and instructor resources for the most recent accounting and auditing standards. Revised templates assist students in difficult areas. Use of the Case: The Case can be used to supplement textbook materials in an introductory auditing course. It also provides for a rigorous fast-paced experience in an advanced course where basic audit techniques are reinforced. The Case has been proven effective as the centerpiece of an advanced auditing course. Case modules help students to better understand how audit procedures are employed in an effective and efficient manner. Assignment modules can be done individually or in total to include preparation of the audit opinion and financial statements. Instructor materials provide detail guidance with suggestions about options for using the Case and a grading template. Completing the Case in a team setting provides the most realistic experience.