Chapter 1 – EarthWear Introduction | Required Materials | Additional Resources |
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The purpose of this mini-case is to familiarize you with the EarthWear Company by reviewing key pieces of information included in the annual report in the textbook. You can locate the  EarthWear Clothiers 2018 Annual Report
(4006.0K)
following Chapter 1 in the textbook. Please refer to the Table of Contents in your respective text should you have issues locating the EarthWear Clothiers 2018 Annual Report. |  11e_Ch1_Mini_case_Intro
(15.0K)
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Chapter 3 – Client Acceptance | Required Materials | Additional Resources |
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In this mini-case you will use Willis and Adams' client acceptance/continuance forms to evaluate the continuance decision for EarthWear as an audit client. One of the most important ways accounting firms manage their risk is by being very careful about which companies they decide to associate with as clients. In the first year, that decision is referred to as the client acceptance decision. In each subsequent year, firms decide whether to continue their association with each client. This subsequent decision process is referred to as the continuance decision. The factors that firms consider for the continuance decision are usually very similar to those considered for the initial acceptance decision. | 11e_Ch3_Mini_case_Client Acceptance
(90.0K)
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EarthWear Background
(22.0K)
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Chapter 3 – Audit Planning Memo | Required Materials | Additional Resources |
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In this mini-case you will complete the audit planning memo for the EarthWear engagement. | 11e Ch3 Mini case Planning Memo
(42.0K)
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Chapter 3 – Overall Materiality and Tolerable Misstatement | Required Materials | Additional Resources |
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In this mini-case you will determine overall materiality as well as tolerable misstatement amounts for balance sheet accounts of EarthWear Clothiers, Inc. Most auditing firms use a simple approach for establishing planning materiality and tolerable misstatement similar to the one illustrated in your textbook. This case illustrates such an approach, with some additional guidance from Willis & Adams relating to the amount of tolerable misstatement to allocate to various balance sheet accounts based on difficulty to audit and expected misstatement, and limiting the total amount of tolerable misstatement to about ten times materiality. | 11e_Ch3_Mini_case_Materiality
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Materiality Guidelines
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Chapter 4 – Understanding the Entity and Its Environment | Required Materials | Additional Resources |
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In this mini-case you will complete the questionnaire for understanding EarthWear Clothiers, Inc. and the environment in which it operates. | 11e_Ch4_Mini_case_Und_Entity
(53.0K)
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EarthWear Background
(22.0K)
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Chapter 5 – Preliminary Analytical Procedures | Required Materials | Additional Resources |
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In this mini-case you will complete the preliminary analytical procedures for the audit of EarthWear Clothiers, Inc. | 11e_Ch5_Mini_case_Analytics
(58.0K)
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Chapter 5 –Inventory Testing | Required Materials | Additional Resources |
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In this mini-case you will test inventory for EarthWear Clothiers. EarthWear has a calendar year-end and conducted their inventory observation on January 1, 2020. Inventory was counted at two different foreign distribution centers (Germany and Japan) where the international inventory is stored. There was no movement of inventory on January 1st. A brief description of the Inventory Count process has been provided below. Additional information regarding inventory counts is available in Chapter 13. | 11e_Ch5_Mini_case_Inventory
(40.0K)
Inventory Status Report
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Inventory Tags Germany
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Inventory Tags Japan
(165.0K)
| Physical Inventory Count Description
(19.0K)
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Chapter 6 – Control Environment and Internal Control Documentation | Required Materials | Additional Resources |
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In this mini-case you will complete questionnaires for evaluating the corporate governance and internal control environment of EarthWear Clothiers, Inc. | 11e_Ch6_Mini_case_Controls
(73.0K)
| Corporate Governance
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Internal Control Environment
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Chapter 6 – Tests of Controls (Part A) | Required Materials | Additional Resources |
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In this mini-case you will complete the tests of internal controls on accounts payable for the audit of EarthWear Clothiers' 2019 financial statements. A sample size of 75 accounts payable voucher packets has been selected for the test of internal controls on the accounts payable system. The sample size is designed to provide high level of assurance (or confidence) that a control is operating effectively so long as one or fewer control deviations is observed for each control activity tested. The first 71 voucher packets have already been tested by other staff members and no errors have been found. Your task is to review the remaining four voucher packets. | 11e_Ch6_Mini_case_Control_Testing_Part_A
(28.0K)
Voucher Packet_164210
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Voucher Packet_185423
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Voucher Packet_190214
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Voucher Packet_195840
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Chapter 8 – Tests of Controls (Part B) | Required Materials | Additional Resources |
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In this mini-case you will statistically evaluate the tests of controls on accounts payable for the 2019 audit of EarthWear Clothiers, Inc. | 11e_Ch8_Mini_case _Testing_Part_B
(24.0K)
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Chapter 10 – Accounts Receivable Tests of Details | Required Materials | Additional Resources |
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In this mini-case you will complete the test of details on accounts receivable for the 2019 audit of EarthWear Clothiers, Inc. The principal test of detail involves sending "confirmations" or letters to customers so that they can confirm that they owe EarthWear the reported balance. | 11e_Ch10_Mini_case _Test_of_Details
(97.0K)
11e AR Confirmations
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Chapter 11 – Search for Unrecorded Liabilities | Required Materials | Additional Resources |
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In this mini-case you will focus on performing one aspect of the test of details on the accounts payable balance – the search for unrecorded liabilities. To identify possible unrecorded liabilities you will compare the payments made after year end with the accounts payable listing as of the end of the year. In performing this comparison particular attention should be given to any payment made on the disbursements journal for which there was not an accounts payable balance as of year end. Your responsibility is to identify the transactions on the cash disbursements journal that the audit team should investigate and review further to determine if a liability should have been recorded as of year end. | 11e_Ch11_Mini_case _Unrecorded_Liabilites
(23.0K)
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Chapter 16 – Audit of Cash | Required Materials | Additional Resources |
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In this mini-case you will audit and evaluate documents such as bank confirmations and bank reconciliations in the audit of one of EarthWear's cash accounts. The company has several other cash accounts at various banks; you will focus on only EarthWear's primary general cash account used mostly for cash receipts and various business expenses. | 11e Ch16 Mini case Cash Audit
(57.0K)
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Chapter 19 – Ethics | Required Materials | Additional Resources |
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In this mini-case you will read about a Willis and Adams staff auditor who is confronted with an ethical challenge. You will then evaluate what he should do, and what you would do in a similar situation. | 11e_Ch19_Mini_case _Ethics
(41.0K)
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Ethics Background Document
(23.0K)
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