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Cloud 9 Pty Ltd: An Audit Case Study

Cloud 9 Pty Ltd: An Audit Case Study

Sandy Eikner, Wayne Robertson

ISBN: 978-0-470-82037-7

Nov 2008

48 pages

Select type: Paperback


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Cloud 9 is designed to provide students with the opportunity to work through various audit procedures that are performed during the planning and interim phases of a statutory audit. The case study is based on typical client scenarios that are regularly observed in the profession. The aim of this case study is to expose students to the practice of auditing and the tasks they would typically perform in their first year of auditing practice.

Cloud 9 is derived from an audit case learning resource used as part of the Ernst & Young graduate development program. Cloud 9 will provide your students - with a practical context of auditing and an appreciation of the level of quality, activity and knowledge Ernst & Young apply to the audit process and the vital role of auditing in practice and business.


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Cloud 9 Pty Ltd company background
Financial information
Assignment 1 - understand the business
Assignment 2 - calculate materiality
Assignment 3 - assertions
Assignment 4 - documenting an accounting process
Assignment 5 - identifying errors in the accounting process
Assignment 6 - identifying controls
Assignment 7 - testing controls
Assignment 8 - determining the overall risk assessment and developing the substantive audit program
Appendix 1 Statement of comprehensive income
Statement on financial position
Appendix 2 Trial balance (30 September 2008)
Appendix 3 Interview transcript
Appendix 4 Sales control testing support: invoices and dispatch notes
Appendix 5 Cash control testing support: daily bank reconciliations and EFT confirmations

  • Presents a typical audit scenario
  • Students are required to work through various audit tasks and procedures that are performed during the planning and interim stages of an audit
  • Introduces students to typical audit duties that are performed in a real audit
  • Based on the Ernst & Young graduate audit program