Auditing & Assurance ServicesAs 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 |