This text provides an introduction to the audit process within the context of business risk. It prepares students to succeed in the evolving nature of the auditing profession and the environment in which it operates. The text is latest look at audit regulations, concepts and practices as they apply in today's technological, systems-oriented environment. The third edition of Auditing and Assurance maintains the themes developed previously; the text has also been updated to reflect the evolving nature of the auditing profession and the environment in which it operates.
Part I: Understanding auditor responsibilities 1. Assurance and auditing: Integral to the economy 2. Corporate governance and audits 3. Judgmental and ethical decision-making frameworks and associated professional standards 4. Professional liability Part II: Understanding the risk approach to auditing 5. Audit risk, business risk and audit planning 6. Internal control over financial reporting Part III: Understanding audit concepts and tools 7. Audit evidence: A framework 8. Tests of control and substantive test implications 9. Tools to gather audit evidence 10. Auditing for fraud Part IV: Performing audits using the transaction cycle approach 11. Auditing revenue and related accounts 12. Audit of acquisition and payment cycle and inventory 13. Audit of cash and other liquid assets 14. Audit of long-lived assets and related expense accounts 15. Audit of long-term liabilities, equity, acquisitions and related-entity transactions Part V: Completing the audit and auditor reporting 16. Completing the audit or review 17. Auditors reports Part VI: Complex audit judgements 18. Advanced topics concerning complex auditing judgements
Tertiary; University or College
Number Of Pages: 800
Published: 17th April 2012
Publisher: Cengage Learning Australia
Country of Publication: AU
Edition Number: 3