Auditing Assurance and Risk

by Knechel, W. Robert

• ISBN13: 9780324022131
• ISBN10: 0324022131
• Edition: 2nd
• Format: Hardcover
• Copyright: 2000-07-11
• Publisher: South-Western College Pub

Summary

Learn how to think like an auditor with AUDITING: ASSURANCE AND RISK! This text outlines the standards and practices of todays auditors and prepares you to perform the Integrated Audit. Written from a conceptual and global perspective, this text provides the tools you need to be successful in this course including examples, questions, problems, and cases for each chapter.

Author Biography

W. Robert Knechel is the Ernst and Young LLP Professor of Accounting in the Fisher School of Accounting at the University of Florida. Professor Knechel holds a B.B.A. from the University of Delaware and a Ph.D. from the University of North Carolina at Chapel Hill. He has served as the resident auditing research fellow at KPMG LLP and has extensively consulted with accounting firms on the development of new audit methods. He holds a CPA in the state of Florida and is an active member of the American Institute of CPAs, the Florida Institute of CPAs and the Institute of Internal Auditors. He also holds partial faculty appointments at the University of Auckland and the Norwegian School of Economics and Business Administration. Professor Knechel has served as the Chairman of the Auditing Section of the American Accounting Association and was responsible for initiating the Biannual Auditing Education Conference and the Auditing Section Mid-Year Meeting. He also served as the Director of Education for the Auditing Section. Professor Knechel has written extensively on auditing issues in research and education for over 20 years, having published over 30 articles during that time in respected academic journals. He has actively pursued the development of case materials for auditing classes. He has also made presentations on auditing research, practice and education at numerous forums in the United States, Australia, New Zealand and Europe. Recently, Professor Knechel has revised the Excellence in Audit Education program sponsored by Coopers and Lybrand LLP. He has also been actively involved in developing case material as part of the joint KPMG and University of Illinois Business Measurement Case Development and Research Program.

Table of Contents

An Introduction to Auditing and Assurance	1	(23)
The Role of Auditing and Assurance in a Market Economy	24	(30)
An Overview of Financial Statement Audits	54	(32)
Client Acceptance and Initial Engagement Planning	86	(34)
Understanding the Client's Business: Strategic Analysis	120	(27)
Understanding the Client's Business: Strategic Risk Management	147	(36)
Process Analysis and Risk Assessment	183	(30)
Evaluating Internal Process Controls	213	(58)
Business Measurement and Analytical Evidence	271	(50)
Planning the Audit of Financial Statement Assertions	321	(38)
Auditing Marketing, Sales and Distribution Management	359	(82)
Auditing Supply Chain and Production Management Processes	441	(50)
Auditing Resource Management Processes	491	(55)
Completing the Audit and Reporting	546	(45)
Auditor Decision Making: Judgment, Ethics and Legal Liability	591	(50)
Statistical Evidence in Auditing	641	(38)
Assurance Services for Business	679