{"title":"Only Reliable Parts and Supplies, Inc.: Assessing and documenting the design of internal controls","authors":"Kevin F. Brown, Susan Lightle","doi":"10.1016/j.jaccedu.2022.100783","DOIUrl":null,"url":null,"abstract":"<div><p>Understanding how auditors assess the design of controls can be challenging. In this case, you will assess and document the design of internal controls for the sales process of your client, Only Reliable Parts and Supplies, Inc. In Part 1, you will prepare a flowchart for the client’s sales process and evaluate the design of controls for this process based on a transcript of an interview of the client’s controller. After evaluating the process, you will prepare a written memo that summarizes your findings. After completing Part 1, information about the client’s plans to automate the sales process will be provided for you to complete Part 2. In Part 2, you will evaluate the client’s planned automation of the sales process and consider how your assessment in Part 1 is affected by the planned changes.</p></div>","PeriodicalId":35578,"journal":{"name":"Journal of Accounting Education","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Accounting Education","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0748575122000173","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 0
Abstract
Understanding how auditors assess the design of controls can be challenging. In this case, you will assess and document the design of internal controls for the sales process of your client, Only Reliable Parts and Supplies, Inc. In Part 1, you will prepare a flowchart for the client’s sales process and evaluate the design of controls for this process based on a transcript of an interview of the client’s controller. After evaluating the process, you will prepare a written memo that summarizes your findings. After completing Part 1, information about the client’s plans to automate the sales process will be provided for you to complete Part 2. In Part 2, you will evaluate the client’s planned automation of the sales process and consider how your assessment in Part 1 is affected by the planned changes.
了解审核员如何评估控制设计可能是一项挑战。在这种情况下，您将评估并记录您的客户Only Reliable Parts and Supplies, Inc.销售流程的内部控制设计。在第1部分中，您将为客户的销售流程准备一个流程图，并根据对客户控制器的采访记录评估该流程的控制设计。在评估过程之后，你要准备一份书面备忘录，总结你的发现。完成第1部分后，将向您提供有关客户计划自动化销售流程的信息，以便您完成第2部分。在第2部分中，您将评估客户计划的销售流程自动化，并考虑您在第1部分中的评估如何受到计划更改的影响。
期刊介绍：
The Journal of Accounting Education (JAEd) is a refereed journal dedicated to promoting and publishing research on accounting education issues and to improving the quality of accounting education worldwide. The Journal provides a vehicle for making results of empirical studies available to educators and for exchanging ideas, instructional resources, and best practices that help improve accounting education. The Journal includes four sections: a Main Articles Section, a Teaching and Educational Notes Section, an Educational Case Section, and a Best Practices Section. Manuscripts published in the Main Articles Section generally present results of empirical studies, although non-empirical papers (such as policy-related or essay papers) are sometimes published in this section. Papers published in the Teaching and Educational Notes Section include short empirical pieces (e.g., replications) as well as instructional resources that are not properly categorized as cases, which are published in a separate Case Section. Note: as part of the Teaching Note accompany educational cases, authors must include implementation guidance (based on actual case usage) and evidence regarding the efficacy of the case vis-a-vis a listing of educational objectives associated with the case. To meet the efficacy requirement, authors must include direct assessment (e.g grades by case requirement/objective or pre-post tests). Although interesting and encouraged, student perceptions (surveys) are considered indirect assessment and do not meet the efficacy requirement. The case must have been used more than once in a course to avoid potential anomalies and to vet the case before submission. Authors may be asked to collect additional data, depending on course size/circumstances.
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