These Teaching Notes are presented in three parts. First, we provide paragraph-by-paragraph analysis of key points embedded within the Ramm Wholesale Case. This analysis will support instructors who wish to use the Case in a real-time analysis as described in the Case Learning Objectives and Implementation Guidance. Second, we provide a summary of key points that are organized using the structure of a typical audit planning and summary review memo (business risks, audit risk factors, and account/assertion-level accounting/audit issues). This summary will support both the real-time and advanced preparation formats, by providing a comprehensive outline of points that should be raised when evaluating the work completed on the Ramm audit. Third, we present the guiding discussion questions that were distributed to undergraduate students to assist in guiding their Case preparations, along with discussion points addressing each question.
This paragraph provides context that is relevant to the client's general risk profile...
