Description
Presents auditing concepts and procedures within the context of audit assertions, as described in Statements on Auditing Standards. It includes the basic approach to reasoning from audit assertions to audit objectives to audit procedures and numerous examples of computer generated audit working papers. A new aspect of this edition is the introduction of value-added business advice as an integral part of the audit. Public accounting firms are placing increased emphasis on adding value to an audit.
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Updated for current auditing standards and appropriate real world examples. Topics include the differences between financial statement, operational, and compliance auditing; services offered by CPA firms and standards used to perform a financial statement audit; ethics and the AICPA Code of Professional Conduct ; landmark cases; errors and fraud; audit planning and documentation; materiality and audit risk; internal control; substantive testing; nonstatistical and statistical sampling techniques; audit reporting standards. Annotation c. by Book News, Inc., Portland, Or.
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