| Feature description: | Version |
|---|
| | | Lite | Full |
Students learn how the "game" of auditing is played in the real world
| | Y | Y |
3D rendered graphics (including office scenes, characters, and accounting records)
| | Y | Y |
Multiple choice hypertext-style dialoguing engine allows extensive interactive interviews with several client personnel
| | Y | Y |
Streaming background score adds atmosphere to gaming environment
| | Y | Y |
Review and complete the planning memorandum
| | Y | Y |
Do preliminary analytical procedures on client financial statements
| | Y | Y |
Financial statements downloadable in spreedsheet format
| | Y | Y |
Establish detection risk using the audit risk model
| | Y | Y |
Establish planning materiality
| | Y | Y |
Read permanent file and evaluate the control environment
| | Y | Y |
Evaluate inherent risk in the revenue cycle
| | Y | Y |
Evaluate proposed audit strategy and associated rationale
| | Y | Y |
Nonlinear plot design allows multiple outcomes
| | Y | Y |
Controller negotiations using the multiple choice hypertext-style dialoguing engine
| | Y | Y |
An interactive audit program guides students through the procedures
| | Y | Y |
Obtain Aged AR trial balance from client, foot, and agree to GL.
| | Y | Y |
Confirm accounts receivable.
| | Y | Y |
Review alternate procedures and non-replies.
| | Y | Y |
Analyze confirm exceptions.
| | Y | Y |
Review confirm statistics.
| | Y | Y |
Obtain analysis of doubtful accounts, foot schedule and agree to GL.
| | Y | Y |
Ascertain approval for AR writeoffs.
| | Y | Y |
Review aging for delinquent accounts and discuss with credit manager.
| | Y | Y |
Inquire about credit policies an review credit files where necessary.
| | Y | Y |
Credit files for assessing adequacy of the allowance for d/a
| | Y | Y |
Do analytical procedures on aging, prepare and review average days sales in receivables.
| | Y | Y |
Review adequacy of allowance for doubtful accounts and conclude
| | Y | Y |
Conclude on accounts receivable.
| | Y | Y |
Obtain AP trial balance, verify math, and agree to general ledger
| | N | Y |
Compare monthly vendor statements with accounts payable listing.
| | N | Y |
Confirm accounts payable
| | N | Y |
Review purchase commitments for possible accrued losses and accounts payable disclosure
| | N | Y |
Prepare conclusion for accounts payable
| | N | Y |
Review client's physical inventory instructions for adequacy
| | N | Y |
Attend physical inventory, obtain test counts and cutoff data
| | N | Y |
Discuss physical inventory with client personnel
| | N | Y |
Obtain final inventory listing and interview inventory client
| | N | Y |
Obtain inventory listing, foot, and agree to GL
| | N | Y |
Recalculate inventory extensions
| | N | Y |
Tie in test counts to final inventory summary
| | N | Y |
Discuss cutoff with traffic clerk.
| | N | Y |
Gain access to client's computer system to perform online tests
| | N | Y |
Shipping and receiving cutoff tests using computer files
| | N | Y |
Inventory pricing test - client uses FIFO method
| | N | Y |
Inventory lower of cost or market test
| | N | Y |
Inventory valuation - check for slow-moving or obsolete inventory
| | N | Y |
Perpetual inventory records available online
| | N | Y |
Inventory disclosure review
| | N | Y |
Conclude on inventory portion of the audit
| | N | Y |
Obtain fixed assets analysis, foot, and agree to GL
| | Y | Y |
Vouch and observe fixed asset additions
| | Y | Y |
Audit retirements, recalculate any gains or losses
| | Y | Y |
Recalculate and perform analytical procedures on depreciation
| | Y | Y |
Vouch repairs and maintenance expense
| | Y | Y |
Test leases and rental expense
| | Y | Y |
Fixed assets disclosure review
| | Y | Y |
Conclude on fixed assets portion of the audit
| | Y | Y |