 An instructional note on business risk and audit implications: Seasonality at MattelRachel Schwartz and John Chandler Journal of Accounting Education, 2012, vol. 30, issue 3, 397-415 Abstract: This instructional note provides materials that can be integrated into a current auditing course to demonstrate the use of a company’s disclosures to understand the company, assess business risks, and identify audit implications. Assessing business risks in the audit process has been a key thrust of academic and professional investigation over the last 20years, and Auditing Standard 12 raised the profile, importance and requirements for assessing business risk. Teaching the assessment of business risk in the classroom, however, is challenging. Although auditors may get access to companies’ internal procedures of risk measurement and management, students would not. But there is a wealth of information that students do have access to in required SEC filings, as well as at public companies’ investor relations websites. This note provides a specific example of business risk and audit implications using information about seasonality at Mattel. Keywords: Business risk assessment; Seasonality; AS 12; ISA 315 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:joaced:v:30:y:2012:i:3:p:397-415 DOI: 10.1016/j.jaccedu.2012.09.004 Access Statistics for this article Journal of Accounting Education is currently edited by Natalie Tatiana Churyk More articles in Journal of Accounting Education from Elsevier |
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