Auditing & assurance services /
Auditing and assurance services
Timothy J. Louwers, James Madison University, David H. Sinason, Northern Illinois University, Jerry R. Strawser, Texas A&M University, Jay C. Thibodeau, Bentley College, Allen D. Blay.
- Seventh edition.
- xxxii, 918 pages ; 28 cm
Includes bibliographical references and indexes.
Part One. The Contemporary Auditing Environment -- Chapter 1. Auditing and Assurance Services -- Chapter 2. Professional Standards -- Part Two. The Financial Statement Audit -- Chapter 3. Engagement Planning -- Chapter 4. Management Fraud and Audit Risk -- Chapter 5. Risk Assessment: Internal Control Evaluation -- Chapter 6. Employee Fraud and the Audit of Cash -- Chapter 7. Revenue and Collection Cycle -- Chapter 8. Acquisition and Expenditure Cycle -- Chapter 9. Production Cycle -- Chapter 10. Finance and Investment Cycle -- Chapter 11. Completing the Audit -- Chapter 12. Reports on Audited Financial Statements --Part Three. Stand-Alone Modules -- Module A. Other Public Accounting Services -- Module B. Professional Ethics -- Module C. Legal Liability -- Module D. Internal Audits, Governmental Audits, and Fraud Examinations -- Module E. Overview of Sampling -- Module F. Attributes Sampling -- Module G. Variables Sampling -- Module H. Auditing and Information Technology -- Cases -- Index.
As auditors, we are trained to investigate beyond appearances to determine the underlying facts―in other words, to look beneath the surface. From the Enron and WorldCom scandals of the early 2000s to the financial crisis of 2007–2008 to present-day issues and challenges related to significant estimation uncertainty, understanding the auditor’s responsibility related to fraud, maintaining a clear perspective, probing for details, and understanding the big picture are indispensable to effective auditing. With the availability of greater levels of qualitative and quantitative information (“big data”), the need for technical skills and challenges facing today’s auditor is greater than ever. The author team of Louwers, Blay, Sinason, Strawser, and Thibodeau has dedicated years of experience in the auditing field to this new edition of Auditing & Assurance Services, supplying the necessary investigative tools for future auditors.