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Superior Construction Inc.: An assessment of risks and controls as part of a post-acquisition engagement

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  • Jones, Joanne
  • Iacobelli, Sandra

Abstract

Superior Construction Inc. (SCI) is a fictitious Toronto-based, publicly traded construction company that operates in the civil infrastructure and buildings markets. For this case, you will assume the role of a senior internal auditor at SCI, who has been given the responsibility to lead a post-acquisition due diligence review of a recently acquired privately held construction company, Building Excellence Inc. (BEI). You are provided with background on the acquisition, as well as information that your internal audit team has gathered during the post-acquisition review. With this background information, you are asked to perform a risk assessment of the newly acquired company and recommend controls to mitigate identified risks. In addition, you will assess SCI’s pre-acquisition review and evaluate the BEI purchase decision. This case requires you to draw upon your knowledge of risks and controls and to develop an understanding of the political issues that internal auditors face.

Suggested Citation

  • Jones, Joanne & Iacobelli, Sandra, 2012. "Superior Construction Inc.: An assessment of risks and controls as part of a post-acquisition engagement," Journal of Accounting Education, Elsevier, vol. 30(2), pages 173-193.
    • Handle: RePEc:eee:joaced:v:30:y:2012:i:2:p:173-193
    DOI: 10.1016/j.jaccedu.2012.08.009
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    Cited by:

    1. Chiang, Christina & Wells, Paul K. & Xu, Gina, 2021. "How does experiential learning encourage active learning in auditing education?," Journal of Accounting Education, Elsevier, vol. 54(C).
    2. Presley, Theresa J., 2019. "A risk based approach to large datasets: Analysis of time series data for a large merchandising firm," Journal of Accounting Education, Elsevier, vol. 49(C).

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