Utilizing Client Inquiry to Understand and Document the Financial Reporting Process for River Street Company

This case requires students to prepare and conduct a client interview to gather information regarding changes in a process. Students use the information collected to update the process narrative for the current year’s workpapers. The case helps improve critical thinking skills by requiring students to evaluate a process, consider where changes may have occurred, and develop questions for a client interview. The case also enhances communication skills by requiring students to schedule and conduct a professional interview. Furthermore, the case provides students with valuable experience in performing an information-gathering audit task where the outcome is unknown, which is not uncommon when conducting an audit.