Auditing & Assurance Services

Front Cover
McGraw-Hill Education, Mar 20, 2006 - Business & Economics - 864 pages
As a result of recent audit scandals such as Enron and Worldcom, several new auditing standards have been enacted, making currency one of the most important issues in this market. Upon publication, this text will be the most up-to-date auditing text on the market. It’s been written so that it is current with all issues inherent in accounting and auditing practice, particularly in public accounting firms including coverage of the creation of the Public Companies Accounting Oversight Board, the passage of the Sarbanes-Oxley Act, and all of the major pronouncements issued by the AICPA through Summer 2005.

The Louwers text is also a leader in fraud coverage and is accompanied by the Apollo Shoes Casebook--the only standalone FRAUD audit case on the market (available at the book's Online Learning Center).

The text is also designed to provide flexibility for instructors; the twelve chapters focus on the auditing process while the eight modules provide additional topics that can be taught at the instructor’s discretion without interrupting the flow of the text.

Contents

User Demand for Reliable Information
2
Managements Assertions Embodied in
8
Public Accounting
15
earned his BBA and Ph D in Accounting from Texas AM University In addition
23
Summary
24
Attestation and Assurance Standards
48
Management Fraud and Audit Risk
60
Auditor Responsibilities for Illegal Acts
69
Typical Activities 253 Control Risk Assessment
367
Assertions and Substantive
373
Appendix 7A Summary
381
Internal Controls 288 Appendix
392
Typical Procedures Performed During Fieldwork
398
Responsibilities after the Audit Reports Have Been
413
Substantive Procedures in the Acquisition
428
Appendix 8B Unqualified Modified Reports on the Companys
435

Materiality
76
Audit Procedures for Obtaining Audit
82
Effectiveness of Audit
88
Engagement Planning
99
PART
100
Understanding the Clients Business
106
Planning in an Electronic Environment
121
Audit Documentation AS 3 SAS 103
127
Appendix
138
Selected Financial Ratios
144
Components of Internal Control
150
Internal Control Evaluation
161
Additional Procedures Required by AS 2
172
Internal Control Communications
178
Appendix
188
Employee Fraud and Audit of Cash
200
Fraud Prevention
207
Audit Evidence in Management Reports
216
More Schemes and Ways
225
Summary
231
Appendix
245
Revenue and Collection Cycle 248 Finance and Investment Cycle
359
Other Reporting Topics
444
Reporting on the Companys Financial
455
Control Risk Assessment 332 Reporting Options
463
SAS 99 343
481
Internal Controls 355 Unhealthy Accounting at HealthSouth
489
A Assurance and Other Public Accounting
496
Assurance Services 497 Module
507
Professional Ethics
534
Legal Liability
584
Internal Governmental
623
Employee Fraud and Audit of Cash 200
666
Planning
704
General and Technical Attribute Sampling Evaluating
716
Standards Responsibilities to Clients and Other Sequential Sampling
722
AICPA Interpretations of the Rules of Conduct 576 Module
743
Liability under Common Law 586
759
Liability under Statutory Law 595 PPS Sampling Versus Classical Variables
765
H Information Systems Auditing
787
Governmental Audits 633 Information Systems Control Risk Assessment
799
637
810
Acquisition and Expenditure Cycle 291
825

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