Auditing and Assurance Services: A Systematic Approach with ACL CD and OLC Card / Edition 4 by William F. Messier, Steven M Glover, Douglas F Prawitt, Steven M. Glover | | 9780073137537 | Other Format | Barnes & Noble
Auditing and Assurance Services: A Systematic Approach with ACL CD and OLC Card / Edition 4

Auditing and Assurance Services: A Systematic Approach with ACL CD and OLC Card / Edition 4

by William F. Messier, Steven M Glover, Douglas F Prawitt, Steven M. Glover
     
 

ISBN-10: 0073137537

ISBN-13: 9780073137537

Pub. Date: 12/28/2004

Publisher: McGraw-Hill Higher Education

Messier employs the new audit approach currently being used by auditing professionals. This new approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The new auditing approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then

Overview

Messier employs the new audit approach currently being used by auditing professionals. This new approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The new auditing approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This new audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in today's auditing environment.

Product Details

ISBN-13:
9780073137537
Publisher:
McGraw-Hill Higher Education
Publication date:
12/28/2004
Edition description:
Older Edition
Product dimensions:
8.20(w) x 10.10(h) x 1.60(d)

Table of Contents

PART I: INTRODUCTION TO FINANCIAL STATEMENT AUDITING
Chapter 1: An Introduction to Assurance and Financial Statement Auditing
Chapter 2: The Financial Statement Auditing Environment
PART II: BASIC AUDITING CONCEPTS: RISK ASSESSMENT, MATERIALITY, AND EVIDENCE
Chapter 3: Risk Assessment and Materiality
Chapter 4: Audit Evidence and Audit Documentation
PART III: PLANNING THE AUDIT AND UNDERSTANDING INTERNAL CONTROL
Chapter 5: Audit Planning and Types of Audit Tests
Chapter 6: Internal Control in a Financial Statement Audit
Chapter 7: Auditing Internal Control over Financial Reporting in Conjunction with an Audit of Financial Statements
PART IV: STATISTICAL AND NONSTATISTICAL SAMPLING TOOLS FOR AUDITING
Chapter 8: Audit Sampling: An Overview and Application to Tests of Controls
Chapter 9: Audit Sampling: An Application to Substantive Tests of Account Balances
PART V: AUDITING BUSINESS PROCESSES
Chapter 10: Auditing the Revenue Process
Chapter 11: Auditing the Purchasing Process
Chapter 12: Auditing the Human Resource Management Process
Chapter 13: Auditing the Inventory Management Process
Chapter 14: Financing Process: Auditing Prepaid Expenses and Property, Plant, and Equipment
Chapter 15: Financing process: Auditing Long-Term Liabilities, Stockholders' Equity, and
Chapter 16: Financing Process: Auditing Cash and Investments
PART VI: COMPLETING THE AUDIT AND REPORTING RESPONSIBILITIES
Chapter 17: Completing the Engagement
Chapter 18: Reports on Audited Financial Statements and on Internal Control over Financial Reporting
PART VII: PROFESSIONAL RESPONSIBILITIES
Chapter 19: Professional Conduct, Independence, and Quality Control
Chapter 20: Legal Liability
PART VIII: ASSURANCE, ATTESTATION, AND INTERNAL AUDITING SERVICES
Chapter 21: Assurance, Attestation, and Internal Auditing Services Index

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