Description For the core auditing course for accounting majors. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States An integrated and current approach to auditing. Auditing and Assurance Services: An Integrated Approach
Description For the core auditing course for accounting majors. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States An integrated and current approach to auditing. Auditing and Assurance Services: An Integrated Approach presents an integrated concepts approach that shows students the auditing process from start to finish. This text prepares students for real-world audit decision making by using illustrative examples of key audit decisions, with an emphasis on audit planning, risk assessment processes and collecting and evaluating evidence in response to risks. Features Keep it current: This edition has been thoroughly updated to reflect the latest information in auditing. Highlights include: Coverage of PCAOB Auditing Standard No. 5—An Audit of Internal Control Over Financial Reporting That is Integrated with an Audit of Financial Statements. New standards related to communications to those charged with governance (SAS Nos. 114 and 115). Since the adoption of the Sarbanes-Oxley Act, Arens has committed to continually providing students with only the most up-to-date content in the dynamic auditing environment. Offer integrated coverage of Sarbanes Oxley and Section 44. The requirements of the Sarbanes Oxley Act, including Section 44 and PCAOB Auditing Standard 2, are integrated throughout the text. The authors provide extensive coverage of internal controls to provide students with the understanding of controls necessary to perform an integrated audit of financial statements and audit of internal control required by Section 44, as well as meet the requirements of the Risk Assessment Standards. Highlight international issues. Consistent with the convergence toward international accounting and auditing standards, this edition contains integrated coverage of developments related to international auditing standards and emphasizes issues affecting audits of multi-national entities. Appeal to the visual learners. Increased use of bullets and numbering, and larger font size make this text easier to read and helps students focus on and retain key concepts. Promote active research: Internet-based case homework assignments. All chapters include internet-based case/homework assignments that have students use the Internet to research relevant real world auditing issues. Emphasize fraud and current auditing issues: Mid-chapter vignettes. Many of the vignettes in this text involve international examples, and continue to emphasize fraud and current auditing issues. Zum Seitenanfang New to this Edition New Coverage of Financial Instruments: With the increasing volume and complexity of various types of financial instruments and challenges associated with fair value accounting, Chapter 23 has been substantially revised to add important new coverage of issues associated with auditing financial instruments and obtaining sufficient appropriate audit evidence for fair value account estimates. The authors believe this will help strengthen student understanding of the challenges associated with auditing financial instruments. Other Assurance Services: Chapter 25 highlights emerging opportunities for CPAs to provide assurance about corporate social responsibility and sustainability reports. Additionally, both Chapters 1 and 25 reflect the new guidance for service auditors who are reporting on internal controls at service organizations. Chapter 25 also reflects the updated standard compilation and review reports recently issued by the AICPA Accounting and Review Services Committee. ACL Problems: CPA firms continue to use audit software to perform audit testing including tests for fraud. The authors have included selected problems using ACL in several chapters in the text. These problems are related to the topic of the chapter so that students can see how audit software is used to perform specific types of audit tests. Additional guidance for stud...
- Auditing And Assurance Services
- Author: Arens, A.A.
- Publisher: Pearson Education Limited