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The Trueblood Case Studies

Uncovering complex accounting and auditing issues

Trueblood cases are available to everyone as PDFs. The solutions are password protected for faculty use only. There are more than 30 topics offered. Cases are reviewed annually and are updated to reflect changes in accounting literature or the evolution of practice. Ten new cases are added to the site annually in August.


For more than 50 years, the Trueblood Seminars have served the profession by teaching new developments in auditing and accounting to select accounting educators and thought leaders from around the country. Named after Robert M. Trueblood, the Trueblood Seminars offer educators the opportunity to learn from and network with Deloitte professionals who share their experiences and institutional knowledge which professors can take back to the classroom to better prepare students for their future careers.

The Trueblood case studies prepared by Deloitte professionals are based on recent technical issues that often require significant research and judgment. The case topics highlight the “gray” areas of accounting and help prepare students for the types of questions likely to arise in professional practice. These seminars help professors enrich the accounting curriculum to reflect the necessary skills of the auditor of the future.

The Deloitte Foundation also offers case studies covering fraud related topics. Learn more about the Deloitte Foundation Forensic Accounting Case Studies

Access Trueblood case solutions

To obtain access to the case solutions, please e-mail us or mail a request on your school letterhead to:

695 East Main Street
P.O. Box 10098
Stamford, CT 06901-2150 

The nonexclusive right to reproduce material contained in these cases without explicit written permission is hereby granted to faculty in connection with classroom use, academic research, and other educational endeavors of a not-for-profit nature.  


Case 22-1: The Swap
Download: Case | Solution
Type: Business Combinations
Subject: Definition of a business.
Applicable Courses: Advanced or Graduate Accounting

Case 22-2: Fair Value Hierarchy
Download: Case | Solution
Type: Financial Instruments - Fair Value
Subject: Classification of instruments in the fair value hierarchy
Applicable Courses: Intermediate, Advanced, or Graduate Accounting, Advanced Auditing

Case 22-3: Shuttered Inc.
Download: Case | Solution
Type: Leases
Subject: Accounting for lease concessions related to the effects of the COVID-19 pandemic.
Applicable Courses: Intermediate or Advanced/Graduate Accounting

Case 22-4: Upscale Management Co.
Download: Case | Solution
Type: Revenue
Subject: Evaluating a price concession under ASC 606 and the related contract modification.
Applicable Courses: Advanced or Graduate Accounting

Case 22-5: Reacquired Rights
Download: Case | Solution
Type: Business Combinations
Subject: Identifying and measuring reacquired rights resulting from a business combination under ASC 805.
Applicable Courses: Advanced or Graduate Accounting

Case 22-6: Zoovest Capital
Download: Case Solution
Type: Consolidation
Subject: Evaluating whether an investor has significant influence over an investee.
Applicable Courses: Advanced or Graduate Accounting

Case 22-7: EGF Apparel
Download: Case | Solution
Type: Audit - Internal Controls
Subject: Understanding and evaluating internal control deficiencies during an audit.
Applicable Courses: Auditing, Graduate Auditing

Case 22-8: Goodwill Risk Assessment
Download: Case | Solution | Handout
Type: Audit - Risk Assessment
Subject: Identifying and assessing risks of material misstatement associated with the goodwill account balance and valuation assertion.
Applicable Courses: Auditing, Graduate Auditing

Case 22-9: Auditing an Accounting Estimate—Goodwill
Download: Case | Solution
Type: Audit
Subject: Auditing an accounting estimate, in this instance management’s assertion regarding whether the goodwill asset at a client continues to have a fair value greater than its carrying value.
Applicable Courses: Auditing and Advanced Auditing; Advanced Accounting

Case 22-10: Digital Assets – Lending Transactions
Download: Case | Solution
Type: Digital Assets
Subject: Accounting for lending transactions involving digital assets (lender and borrower accounting treatment).
Applicable Courses: Intermediate Financial Accounting, Advanced Accounting, Accounting Research, Graduate Financial Accounting Seminar

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Contact usdeloittefoundation@deloitte.com for the excel files to case 19-8.

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