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Real Audit™ is a multimedia interactive financial auditing simulation that emphasizes higher-order thinking and people skills This online audit simulation incorporates the risk assessment procedures required by SAS 104-111 as well as substantive tests of AR, FA, AP, INV, and CoTA. It includes understanding the entity and its environment, evaluating internal control design, analytical procedures, significant accounts and materiality assessment, the required team meeting, and identification of risks of material missatement and completing the audit. With the new Public Company addon/morph, student can perform an integrated audit with the addition of an IC (internal control audit) module. The public-company version also follows PCAB standards. Instructor demos are available now.Learn more
Real Audit™: The Real World Interactive Auditing Simulation and The CPA Exam Emulator™, are trademarks of RealAudit.com.
Public Company addon/morph
This morph transforms our Real Audit™ private company financial statement auditing simulation into a public company. The update includes a new environment, dialogues, and governance structure and a new internal control module to make it Sarbanes compliant. It is available as an addon to our original Real Audit™ financial audit simulation full or lite versions.Learn more
The CPA Exam Emulator™Learn more
Accounting Systems: Thinking, Development, and Evaluation textbook
The task-based simulation features within the Real Audit™ simulation, including document review and journal entry are similar to those recently added to the CPA exam. Our simulations have always emphasized the development of higher-order thinking skills.
A new Public Company addon/morph has been released for our Real Audit™ simulations.
2008 Innovation in Accounting Education Award
- American Accounting Association
"I am so glad I found this
….Your audit simulation is a great tool for students to apply what they
should have learned... I think it will be so much more interesting than
just reading boring articles... I was indeed very pleased with the
interface. I especially enjoyed the part about getting to choose the
cooperative nature of the client - that was hilarious. When I saw that
audit program, and the objectives, and the reference to the assertions,
I was stunned to see something this good could be out there"
- Prof. Carol Jessup, University of Illinois at Springfield
"This is the best audit simulation I have seen - and I have seen a number of them!"
- Prof. Gerald Lander, University of South Florida
"Real Audit made all the difference in placing students when I was a Director of Career Services. The auditing simulation gave our students a leg up on the competition and the CPAs firms recruiting them recognized this."
- Laura Mills-Lewis, Ernst & Young LLP | Associate Director, University Relations
"I wanted to pass on the comments of some of my students who find your customer service second to none."
- Prof. Patrica Johnson, Niagara University