The Fraud at High Flying Corporation: Developing Audit Interview Skills

This instructional case is designed to simulate a real world audit situation where red flags, primarily related to the existence assertion and related party transactions, have been uncovered and additional information must be obtained from the client, High Flying Corporation. Each student individually interviews a client official who is portrayed by a practicing accountant from the business community. This case provides students with an opportunity to make real-time judgments regarding the validity and reasonableness of information provided by a client and to determine an appropriate course of action, while simultaneously dealing with client behaviors intended to evoke negative emotional reactions and to undermine their confidence. This case is appropriate for advanced auditing at the undergraduate level, forensic accounting at the undergraduate or graduate level, or introductory or advanced auditing at the graduate level.