Section 1 Fraud Cases: Violations of Accounting Principles Case 1.1 Waste Management: The Matching PrincipleCase 1.2 WorldCom: The Revenue Recognition PrincipleCase 1.3 Qwest: The Full Disclosure PrincipleCase 1.4 Sunbeam: The Revenue Recognition PrincipleCase 1.5 Waste Management: The Definition of an AssetCase 1.6 Enron: The Revenue Recognition PrincipleCase 1.7 WorldCom: The Matching PrincipleCase 1.8 The Fund of Funds: The Conservatism ConstraintCase 1.9 Qwest: The Revenue Recognition PrincipleCase 1.10 The Baptist Foundation of Arizona: The Conservatism ConstraintCase 1.11 WorldCom: The Definition of an AssetSection 2 Ethics and Professional Responsibility CasesCase 2.1 Enron: IndependenceCase 2.2 Waste Management: Due CareCase 2.3 WorldCom: Professional ResponsibilityCase 2.4 Enron: Quality AssuranceCase 2.5 Sunbeam: Due CareCase 2.6 The Fund of Funds: IndependenceCase 2.7 Bernard L. Madoff Investment and Securities: A Focus on Auditors' Legal Liability and Due CareCase 2.8 Enron: Audit DocumentationSection 3 Fraud and Inherent Risk Assessment CasesCase 3.1 Enron: Understanding the Client's Business and IndustryCase 3.2 The Baptist Foundation of Arizona: Related Party TransactionsCase 3.3 WorldCom: Significant Business AcquisitionsCase 3.4 Sunbeam: Incentives and Pressure to Commit FraudCase 3.5 Qwest: Understanding the Client's Business and IndustryCase 3.6 The Fund of Funds: Related Party TransactionsCase 3.7 Waste Management: Understanding the Client's Business and IndustrySection 4 Internal Control Systems: Entity-Level Control CasesCase 4.1 Enron: The Control EnvironmentCase 4.2 Waste Management: General Computing ControlsCase 4.3 The Baptist Foundation of Arizona: The Whistleblower HotlineCase 4.4 WorldCom: The Internal Audit FunctionCase 4.5 Waste Management: Top-Side Adjusting Journal EntriesSection 5 Internal Control Systems: Control ActivityCase 5.1 The Fund of Funds: Valuation of InvestmentsCase 5.2 Enron: Presentation and Disclosure of Special-Purpose EntitiesCase 5.3 Sunbeam: Completeness of the Restructuring ReserveCase 5.4 Qwest: Occurrence of RevenueCase 5.5 The Baptist Foundation of Arizona: Presentation and Disclosure of Related PartiesCase 5.6 Waste Management: Valuation of Fixed AssetsCase 5.7 Qwest: Occurrence of RevenueAppendix Company CasesCase A.1 EnronCase A.2 Waste ManagementCase A.3 WorldComCase A.4 SunbeamCase A.5 QwestCase A.6 The Baptist Foundation of ArizonaCase A.7 The Fund of Funds
Jay C. Thibodeau is the Rae D. Anderson Professor of Accounting at Bentley University. Professor Thibodeau is a certified public accountant and a former auditor. He received his bachelors degree from the University of Connecticut in 1987 and his PhD from the University of Connecticut in 1996. He joined the faculty at Bentley in 1996 and has remained there. At Bentley, he serves as the coordinator for all audit and assurance curriculum matters. His off-campus commitments include consulting with the Audit Learning and Development group at KPMG. Professor Thibodeaus scholarship focuses on audit judgment and decision making and audit education. He is a coauthor of two textbooks and has written more than 40 book chapters and articles for academics and practitioners in journals such as Auditing: A Journal of Practice & Theory, Accounting Horizons, and Issues in Accounting Education. Professor Thibodeau served as the President of the Auditing Section of the American Accounting Association for the 2014/2015 academic year. He served on the Executive Committee for the Auditing Section from 2008 to 2010. He has received national recognition for his work five times. First, for his thesis, winning the 1996 Outstanding Doctoral Dissertation Award presented by the ABO section of the AAA. Three other times, for curriculum innovation, winning the 2001 Joint AICPA/AAA Collaboration Award, the 2003 Innovation in Assurance Education Award, and the 2016 Forensic Accounting Teaching Innovation Award. Finally, for outstanding service, receiving a Special Service Award from the Auditing Section for his work in helping to create the Access to Auditors program sponsored by the Center for Audit Quality.