Assistant Professor of Accounting and Finance Otto Rabe plans to use his recently awarded Open Education Mini-grant to develop an Auditing Lessons Learned database in CANVAS, Centralia College’s online learning platform.
“My goal as a professor is to give students as much book knowledge as I can cram into them—and also to give them practical knowledge,” says Rabe.
To help, Rabe provides hands-on opportunities for his accounting students through the Volunteer Income Tax Assistance program and by conducting live reviews of businesses in Lewis County.
When teaching students how to determine the truth of financial statements, he was challenged to find real-life examples. Rabe decided to create a database specifically focused on auditing techniques, tactics, procedures, and practical “how-to” examples.
Currently, he is gathering data from a variety of sources, including accountants in the field. These real-life examples will include samples of technical correspondence and indicators of fraudulent activity that should alert an accountant to call an attorney.
Rabe is working closely with Leah Hannaford, CC’s Open Education librarian, to establish the infrastructure and to catalog the information. He hopes to have the database up and running on CANVAS before his Introduction to Audit class in spring 2016.