Auditing and Assurance Services Understanding the Integrated Audit

by Hooks, Karen L.

• ISBN13: 9780471726340
• ISBN10: 0471726346
• Edition: 1st
• Format: Hardcover
• Copyright: 2010-03-22
• Publisher: Wiley

Summary

The book walks accountants through an integrated audit, using a public company as its platform. It explains that when a non-public company is being audited according to AICPA standards certain procedures do not have to be performed. When ICFR are discussed, they are presented in the context of company controls and tests of controls that are important to both management and the auditor. Examples are included from a wide range of industries. Accounting issues that are important in the current environment are also emphasized, including topics such as fair value, accounting for investments and variable interest entities. When accountants complete the book, they'll be well grounded in the knowledge of an integrated audit.

Author Biography

Karen L. Hooks is the author of Auditing and Assurance Services: Understanding the Integrated Audit, published by Wiley.

Table of Contents

Introduction

An Introduction to Auditing

Working in a CPA Firm

Overview of an Integrated Audit

The Audit Environment

The Audito's Role in Society

Legal Environment Affecting Audits

Executing An Integrated Audit

Client Acceptance and Continuance and Preliminary Engagement

Procedures

Industry Descriptions

Audit Committees and Corporate Governance

Audit Planning and Risk Assessment

Using the Work of Others

Internal Control, Understanding the Clien's Internal Control Over Financial Reporting and Auditing Design Effectiveness

Specifics of IT General Controls

Enterprise Risk Management Integrated Framework

Internal Control over Financial Reporting in Smaller Public Companies

Planning and Testing Operating Effectiveness of Internal Control over Financial Reporting

Testing IT Application Controls and Computer Assisted Audit Software

Statistical Techniques and Tests of Controls

Substantive Procedures and the Financial Statement Audit

Statistical Techniques and Tests of Details of Balances

The Revenue Cycle Process and Related Accounts: Sales, Billing and Collection in the Health Care Provider and Retailing Industries

Completing the Integrated Audit and Reporting

Non-Public Company Audits Additional Transaction Cycles And Other Topics

The Acquisition and Payments Cycle and Related Accounts: Purchases, Cash Disbursements and Other Related Activities in the Automotive Industry

The Human Resources Cycle Process and Related Accounts: Personnel and Payroll in Service Industries

An Engagement to Issue a Report on the Processing of Transactions by a Service Organization for Use by Other Auditors

The Inventory Cycle and Related Accounts: Tracking and Costing Products in the Land Development and Home Building Industry

Assets, Liabilities and Equity Related to the Financing Cycle

Topics Beyond the Integrated Audit

Table of Contents provided by Publisher. All Rights Reserved.