Auditing & assurance services : a systematic approach
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Bibliographic Information
Auditing & assurance services : a systematic approach
McGraw-Hill Irwin, c2008
5th ed
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
Messier employs the audit approach currently being used by auditing professionals. This approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in today's auditing environment.
Table of Contents
PART I: INTRODUCTION TO FINANCIAL STATEMENT AUDITING Chapter 1: An Introduction to Assurance and Financial Statement Auditing Chapter 2: The Financial Statement Auditing EnvironmentPART II: BASIC AUDITING CONCEPTS: RISK ASSESSMENT, MATERIALITY, AND EVIDENCEChapter 3: Risk Assessment and MaterialityChapter 4: Audit Evidence and Audit Documentation PART III: PLANNING THE AUDIT AND UNDERSTANDING INTERNAL CONTROLChapter 5: Audit Planning and Types of Audit Tests Chapter 6: Internal Control in a Financial Statement Audit Chapter 7: Auditing Internal Control over Financial Reporting in Conjunction with an Audit of Financial Statements PART IV: STATISTICAL AND NONSTATISTICAL SAMPLING TOOLS FOR AUDITINGChapter 8: Audit Sampling: An Overview and Application to Tests of ControlsChapter 9: Audit Sampling: An Application to Substantive Tests of Account Balances PART V: AUDITING BUSINESS PROCESSESChapter 10: Auditing the Revenue Process Chapter 11: Auditing the Purchasing Process Chapter 12: Auditing the Human Resource Management Process Chapter 13: Auditing the Inventory Management Process Chapter 14: Financing Process: Auditing Prepaid Expenses and Property, Plant, and Equipment Chapter 15: Financing process: Auditing Long-Term Liabilities, and Stockholders' EquityChapter 16: Financing Process: Auditing Cash and InvestmentsPART VI: COMPLETING THE AUDIT AND REPORTING RESPONSIBILITIESChapter 17: Completing the Engagement Chapter 18: Reports on Audited Financial Statements and on Internal Control over Financial Reporting PART VII: PROFESSIONAL RESPONSIBILITIES Chapter 19: Professional Conduct, Independence, and Quality Control Chapter 20: Legal Liability PART VIII: ASSURANCE, ATTESTATION, AND INTERNAL AUDITING SERVICESChapter 21: Assurance, Attestation, and Internal Auditing Services
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