AuditingAuditing, Fifth Edition, focuses on the "practical method." This method emphasizes decision making through (1) problem recognition, (2) evidence collection and (3) evidence evaluation. For reinforcement purposes, a practice case within the text is included in chapters 6-21. |
Contents
Auditing Theory and Practice Standards | 21 |
Reports on Audited Financial Statements | 46 |
Selected Financial Ratios | 219 |
Copyright | |
18 other sections not shown
Common terms and phrases
accepted accounting principles account balance accounting system accounts payable accounts receivable amount application audit manager audit program audit risk audit software audit team auditing standards bank batch calculations cash disbursements cash receipts Chapter client computer system confirmation control account control objectives control procedures control risk assessment control structure controls audit procedures cost count customer accounts cycle database December 31 described determine deviation rate documents entry errors evaluation evidence example Exhibit financial statement assertions financial statements fixed assets flow of transactions flowchart GAAP incorrect acceptance incorrect rejection input inventory records Kingston Company ledger liabilities manual master file material obtain operations output overstatement payroll percent performed perpetual inventory personnel population prepared purchase order receiving report Required responsibility risk of incorrect sales invoices selection substantive audit procedures substantive procedures test of controls trial balance validation vendor vouchers vouching year-end