Purchasing Process Internal Control Assessment: A Comprenhensive Case Study Using Data Analytic Software

ABSTRACT This case presents a situation in a purchasing department where potential control weaknesses need to be identified and tested. This short case is ideal for AIS or auditing classes. The students are required to perform a risk assessment, identify control objectives, design tests that would be covered in an audit and perform analysis on client-provided data. This case uses the IDEA data analytic software, but could be adjusted for use with ACL or other data analytic software. The case has been used in AIS and auditing classes and the feedback from students as to their enjoyment and learning from the case is overwhelmingly positive.