Known for its clear writing style and accessibility, this new edition provides readers with a better understanding of accounting business and industry. It explores the latest analytical procedures and computer aspects of internal controls as well as new assurance and value-added services. Readers will also find comprehensive and integrated coverage of the most recent developments in the environment, standards, and methodology of auditing.
PART 1: THE AUDITING ENVIRONMENT.
1. Auditing and the Public Accounting Profession-Integrity of Financial Reporting.
2. Auditors' Responsibilities and Reports.
3. Professional Ethics.
4. Auditor's Legal Liability.
PART 2: THE DECISION MAKING OF AUDIT PLANNING.
5. Overview of the Financial Statement Audit.
6. Audit Evidence.
7. Accepting the Engagement and Planning the Audit.
8. Materiality Decisions and Performing Analytical Procedures.
9. Audit Risk: Including the Risk of Fraud.
10. Understanding Internal Control .
PART 3: THE DECISION MAKING OF COLLECTING AND EVALUATING EVIDENCE.
11. Audit Procedures in Response to Assessed Risks: Tests of Controls.
12. Audit Procedures in Response to Assessed Risks: Substantive Tests.
13. Audit Sampling.
PART 4: AUDITING THE TRANSACTION CYCLES AND COMPLETING THE AUDIT.
14. Auditing the Revenue Cycle.
15. Auditing the Expenditure Cycle.
16. Auditing the Production and Personnel Services Cycles.
17. Auditing the Investing and Financing Cycles.
18. Auditing Investments and Cash Balances.
19. Completing the Audit / Post Audit Responsibilities.
PART 5: OTHER ATTEST AND ASSURANCE SERVICES.
20. Attest and Assurance Services, and Related Reports.
21. Internal, Operational, and Governmental Auditing .
Index.
