Called to Account

Paul M. Clikeman, Ph.D., has been teaching undergraduate- and master’s-level auditing classes at the University of Richmond since 1995. Previously, he was an auditor and audit supervisor in the Chicago office of Deloitte Haskins & Sells (now Deloitte). Dr Clikeman is a Certified Internal Auditor and a Certified Fraud Examiner. He has published more than 30 articles about auditing, fraud examination, accounting education, and financial accounting. He also maintains the website http://auditeducation.info, which provides resources and advice for studying and teaching financial statement auditing.

Introduction

1 Scandal and reform

PART I Birth of a profession

2 Out of darkness

3 Ivar Kreuger

4 McKesson & Robbins

5 Into the spotlight

PART II The profession’s principle problem

6 Generally accepted accounting principles

7 National Student Marketing

8 Equity Funding

9 Déjà vu

PART III The Savings & Loan crisis

10 It’s a wonderful life?

11 ESM Government Securities

12 Lincoln Savings & Loan

13 Bank robbers

PART IV The expectation gap

14 Auditors and fraud

15 ZZZZ Best

16 Crazy Eddie

17 Closing the gap

PART V Beginning of the end

18 Auditor independence

19 Waste Management

20 Sunbeam

21 End of the millennium

PART VI From profession to regulated industry

22 Professionalism

23 Enron

24 WorldCom

25 The perfect storm

PART VII There’s no place like home

26 Open house

27 Taylor, Bean & Whitaker

28 Lehman Brothers

29 The Great Recession

PART VIII The world is flat

30 It’s a small world

31 Parmalat

32 Olympus

33 As the world turns

34 Conclusion

Appendix A: Discussion questions

Appendix B: Suggestions for integrating Called to Account with popular auditing texts