BRENTWOOD, Tenn., Aug. 20, 2013 /PRNewswire/ -- Brian Fox, CPA and a nationally recognized speaker on financial fraud, presented more than a dozen demonstrations of the new Simply Soups teaching case and the role electronic confirmations play in detecting financial fraud at the 2013 American Accounting Association's Annual Conference in Anaheim, California. The demonstrations were hosted by Confirmation.com, the creator and world's leading provider of secure audit confirmation services.
"The Simply Soups teaching case was developed and taught by three professors to help students understand the latest auditing standards and the role technology has in today's audit practice," said Chris Schellhorn, CEO of Confirmation.com. "I'm very pleased that more than 50 colleges and universities are using it in their classrooms. This gives students the ability to experience first-hand how to electronically confirm cash balances during a simulated audit using the latest technology from Confirmation.com."
Denise Hanes, assistant professor at Villanova University said "This teaching case has been a very effective learning tool for my auditing students. They feel the hands-on experience of using electronic confirmations in the classroom gives them a real advantage in their first job as an auditing professional."
For professors and instructors, the Simply Soups teaching case provides:
-- Flexible course levels: The case study is flexible enough to be used in a 1(st) year undergraduate Auditing course, a 1(st) year graduate Auditing course, or even in an Advanced Auditing course. -- Two complete sets of in-class PowerPoint presentations with instructor notes: The first set introduces the case study to the students and the second set wraps up the assignment, presents the solutions and discusses the learning objectives. -- Instructor Materials: Walks instructors through the teaching case, the intended learning points, and the solutions.
"There was real excitement and great interest in the Simply Soups teaching case at this year's AAA Conference," said Jay Thibodeau, professor of accountancy at Bentley University. "The feedback from accounting professors planning to use this case in their auditing classes has been extremely positive."
"The AAA Conference is a great opportunity to interact with academic and thought leaders in accounting," said Brian Fox, president and founder of Confirmation.com. "As an adjunct professor myself, I really enjoy teaching auditors, students and instructors How to Commit Confirmation Fraud so they can actually learn to detect financial fraud."
In the past year, Confirmation.com's electronic confirmation service was used by auditors to catch the $215 million PFG fraud, the multi-million dollar Shepherd Major Play Option Fund fraud and the China MediaExpress fraud.
Barbara Porco, accounting professor at Fordham University said, "This teaching case is a win-win for students and their future employers. It not only engages auditing students, but the write up exercise challenges their critical thinking skills and better prepares them for actual practice."
The case study materials are provided free of charge to colleges and universities. For a complete set of the course materials, contact Debbie.Gray@confirmation.com, or visit us at https://edu.confirmation.com for more information.
Confirmation.com is the creator and world's leading provider of secure electronic audit confirmation services. It processes over $1 trillion in confirmation information annually for a majority of public companies, as well as private companies, non-profits and government agencies. In addition to its bank confirmation solution, the company provides solutions for more than 30 different types of audit confirmations including accounts receivable confirmations. Confirmation.com is the Preferred Provider of Electronic Confirmations for the AICPA Trusted Business Advisor(TM) Solutions Program and is endorsed by the American Bankers Association. Confirmation.com has also received numerous awards including being a multi-year alumnus on the Inc. 500 list for 2010 and 2011. Several hundred In-Network responding companies including all of the Top 10 banks in the U.S. and over 11,000 accounting firms in more than 100 countries trust Confirmation.com for their audit confirmation needs. For more information, visit Confirmation.com.
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