Experiential course project teaches students auditing skills by evaluating cash transactions in organizations, highlighting control issues.
An experiential course project designed to teach students about the audit process has teams of students complete cash audits of student organizations. Students audit cash receipts and cash disbursements from either an external or internal auditing approach. The course project may be used in either undergraduate advanced auditing or graduate auditing courses. The assignment and grading guide are included, as well as a listing of the common internal control deficiencies identified in the cash audits.
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Lambert et al. (1998) studied this question.
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