Crazy eddie had a higher-than-normal level of audit risk this can be determined by analyzing rations in the financial statements the common-sized balance sheets for 1984 to 1987 show some inconsistencies in accounts between the years. 1course objectives this course is an advance course in auditing the course materials consist primarily of empirical research and case studies on the subject of auditing designed to provide a deeper understanding of topics covered in the first auditing course. They too received only a small portion of the revenue from auditing crazy eddie versus the amount they received from computerizing inventory system lowballing is an unethical practice that is involved in many industries including the auditing profession.
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. Librarian view leader 05005cam a2200505 a 4500 case 18 t| crazy eddie, inc -- g| case 19 t | zzzz best company auditing x| corrupt practices v| case. This title is unavailable for purchase as none of our regular suppliers have stock available if you are the publisher, author or distributor for this item, please visit this link.
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. Eddie antar (crazy eddie) dominated the retail consumer electronics market in the new york city metropolitan area by 1987,antar's firm, crazy eddie , inc , had 43 retail outlets, sales exceeding $350 million, and outstanding stock with a collective market value of $600 million. 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. Auditing & assurance services crazy eddie's c40 table of contents part one: the contemporary auditing environment 1 auditing and assurance services 1 2.
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. 9781133187899 our cheapest price for contemporary auditing is $001 free shipping on all orders over $3500. Description solution manual for contemporary auditing, 10th edition michael c knapp table of content 1 comprehensive cases enron corporation lehman brothers holdings inc.
Running head: crazy eddie case 18 1 questions 1 compute key ratios and other financial measures for crazy eddie during the period 1984-1987identify and briefly explain the red flags in crazy eddie's financial statements that suggested the firm posed a higher-than-normal level of audit risk. 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. Accounting information systems cases overview 2 ais description and documentation description 3 internal controls and auditing emergent technologies that. 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.
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. 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. crazy eddie, inc financial fraud case crazy eddie was an american retail store chain run by the antar family, which was established as a private company in 1969 in brooklyn, new york by businessmen eddie and sam m antar. Crazy eddie was a retail store chain run by the antar family, which began operations as a private company in the 1960s the fraud at crazy eddie was one of the longest running in modern times.