Auditing and Assurance Services

For the core auditing course for accounting majors. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States An integrated and current approach to auditing. Auditing and Assurance Services: An Integrated Approach presents an integrated concepts approach that shows students the auditing process from start to finish. This text prepares students for real-world audit decision making by using illustrative examples of key audit decisions, with an emphasis on audit planning, risk assessment processes and collecting and evaluating evidence in response to risks.PART I. THE AUDITING PROFESSION 1. The Demand for Audit and Other Assurance Services 2. The CPA Profession 3. Audit reports 4. Professional Ethics 5. Legal Liability PART II. THE AUDIT PROCESS 6. Audit Responsibilities and Objectives 7. Audit Evidence 8. Audit Planning and Analytical Procedures 9. Materiality and Risk 10. Internal Control, Control Risk, and Section 404 Audits 11. Fraud Auditing 12. The Impact of Information Technology on the Audit Process 13. Overall Audit Strategy and Audit Program PART III. APPLICATION OF THE AUDIT PROCESS TO THE SALES AND COLLECTION CYCLE 14. Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions 15. Audit Sampling for Tests of Controls and Substantive Tests of Transactions 16. Completing the Tests in the Sales and Collection Cycle: Accounts Receivable 17. Audit Sampling for Tests of details of Balances PART IV. APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES 18. Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable 19. Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts 20. Audit of the Payroll and Personnel Cycle 21. Audit of the Inventory and Warehousing Cycle 22. Audit of the Capital Acquisition and Repayment 23. Audit of Cash and Financial Instruments PART V. COMPLETING THE AUDIT 24. Completing the Audit PART VI. OTHER ASSURANCE AND NONASSURANCE SERVICES 25. Other Assurance Services 26. Internal and Governmental Financial Auditing and Operations Auditing