Auditing and Assurance Services : International Edition
*New: Sarbanes-Oxley Act of 2002 and related SEC and PCAOB rulemakings integrated into every chapter. *New: Updated material for changes in the auditing profession resulting from recent corporate scandals: *Bankruptcy of Andersen, LLP *Shifting of auditing standards-setting to the Public Company Accounting Oversight Board (PCAOB) *Spin-off of consulting *Greater focus on internal controls *New: Chapter on Fraud (11) added to this edition. Expanded coverage of this topic includes new mid-chapter fraud vignettes in each chapter. *New: Increased coverage of Reporting on Internal Controls in Chapter 10, Internal Control and Control Risk. *New: 4-color insert of the Hillsburg Hardware Company "Annual Report." The insert provides financial statements and background information to support the Hillsburg Hardware Integrated Case that appears throughout the text. *New: Redesigned and integrated audit practice case (Pinnacle Manufacturing) that spans multiple chapters. Students apply concepts addressed in the audit planning and execution phase of the audit. *New: Expanded supplements package includes practice sets, case manuals, and auditing assignments using Excel. *www.prenhall.com/arens
- Paperback | 816 pages
- 216 x 274 x 32mm | 1,700g
- 13 May 2004
- Pearson Education (US)
- United States
- 10th edition
About Alvin A. Arens
Al Arens is PricewaterhouseCoopers Auditing Professor of Accounting at Michigan State University. His primary teaching and research area is auditing and he teaches undergraduate auditing at least one term annually. Al is a past president of the American Accounting Association and a former member of the AICPA Auditing Standards Board. He practiced public accounting with both a local CPA firm and the predecessor firm to Ernst & Young. He has received many awards including the AAA Auditing Section Outstanding Educator award, the AICPA Outstanding Educator award, the national Beta Alpha Psi Professor of the Year award and many teaching and other awards at Michigan State. Randy Elder is an Associate Professor of Accounting at Syracuse University. He teaches undergraduate and graduate auditing courses, and has received several teaching awards. His research focuses on audit quality and current audit firm practices. He has extensive public accounting experience with a large regional CPA firm, and is a Certified Fraud Examiner and member of the AICPA and Michigan Association of CPAs. Mark S. Beasley is a Professor of Accounting at North Carolina State University. He teaches undergraduate and graduate auditing courses, and has received several teaching awards including membership in NC State's Academy of Outstanding Teachers. His research, which focuses primarily on financial statement fraud, audit quality, and corporate governance, received both the American Accounting Association's Competitive Manuscript Award and the Notable Contributions to the Auditing Literature Award. He has extensive professional audit experience with the predecessor firm to Ernst & Young and has extensive standards-setting experience working with the Auditing Standards Board as a Technical Manager in the Audit and Assurance Division of the AICPA. He served on the ASB's Fraud Standard Task Force responsible for developing SAS 99, and serves on the ASB's Antifraud Programs and Controls Task Force and the Advisory Council overseeing COSO's Enterprise Risk Management Framework project.
Table of contents
I. THE AUDITING PROFESSION. 1. The Demand for Audit and Assurance Services. 2. The CPA Profession. 3. Audit Reports. 4. Professional Ethics. 5. Legal Liability. 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 and Control Risk. 11. Fraud Detection. 12. The Impact of Information Technology on the Audit Process. 13. Overall Audit Plan and Audit Program. 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. IV. APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES. 18. Audit of the Payroll and Personnel Cycle. 19. Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable. 20. Completing the Tests in the Acquisition and Payment Cycle. 21. Audit of the Inventory and Warehousing Cycle. 22. Audit of the Capital Acquisition and Repayment Cycle. 23. Audit of Cash Balances. V. COMPLETING THE AUDIT. 24. Completing the Audit. VI. OTHER ASSURANCE AND NON-ASSURANCE SERVICES. 25. Other Audit, Attestation Services, and Compilation Engagements. 26. Internal and Governmental Financial Auditing and Operational Auditing.