Auditing & Assurance Services

by Louwers, Timothy; Ramsay, Robert; Sinason, David; Strawser, Jerry

• ISBN13: 9780073128245
• ISBN10: 0073128244
• Edition: 2nd
• Format: Hardcover
• Copyright: 2006-03-20
• Publisher: McGraw-Hill/Irwin

Summary

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.

Table of Contents

Part I: The Contemporary Auditing Environment

Chapter 1: Auditing and Assurance Services

Chapter 2: Professional Standards

Chapter 3: Management Fraud and Audit Risk

Comprehensive Cases—Professional Issues

Arthur Andersen

KPMG

Part II: The Financial Statement Audit

Chapter 4: Engagement Planning

Chapter 5: Internal Control Evaluation

Appendix 5A the Payroll Cycle

Chapter 6: Employee Fraud and the audit of Cash

Chapter 7: Revenue and Collection Cycle

Fraud Cases: Extended Audit Procedures (SAS 99)

Appendix 7A Internal Controls

Appendix 7B Audit Programs

Chapter 8: Acquisition and Expenditure Cycle

Fraud Case(s): Extended Audit Procedures (SAS 99)

Appendix 8A Internal Controls

Appendix 8B Audit Programs

Chapter 9: Production Cycle

Fraud Case: Extended Audit Procedures (SAS 99)

Appendix 9A Internal Controls

Appendix 9B Audit Programs

Chapter 10: Finance and Investment Cycle

Fraud Case: Extended Audit Procedures (SAS 99)

Appendix 10A Internal Controls

Appendix 10B Audit Programs

Chapter 11: Completing the Audit

Chapter 12: Reports on Audited Financial Statements

Comprehensive Cases—Audit Issues:

HealthSouth Corporation

Parmalat

Part III: Other Topics

Module A: Assurance and Other Public Accounting Services

Module B: Professional Ethics

Appendix: AICPA Interpretations of the Rules of Conduct

Module C: Legal Liability

Module D: Internal, Governmental, and Fraud Audits

Appendix:: Standards for the Professional Practice of Internal Auditing (abridged)

Appendix:: The Institute of Internal Auditors Code of Ethics

Appendix: Professional Standards and Practices for Certified Fraud Examiners

Module E: Overview of Sampling

Module F: Attribute Sampling

Module G: Variables Sampling

Module H: Information Systems Auditing