Loose Leaf for Auditing & Assurance Services

by Louwers, Timothy; Blay, Allen; Sinason, David; Strawser, Jerry; Thibodeau, Jay

• ISBN13: 9781260152166
• ISBN10: 1260152162
• Edition: 7th
• Format: Loose-leaf
• Copyright: 2017-02-03
• Publisher: McGraw-Hill Education

Table of Contents

Part ONE: The Contemporary Auditing Environment

1. Auditing and Assurance Services 1

2. Professional Standards 40

PART TWO: The Financial Statement Audit

3. Engagement Planning 75

4. Management Fraud and Audit Risk 117

5. Risk Assessment: Internal Control Evaluation 173

6. Employee Fraud and the Audit of Cash 227

7. Revenue and Collection Cycle 279

8. Acquisition and Expenditure Cycle 336

9. Production Cycle 394

10. Finance and Investment Cycle 443

11. Completing the Audit 500

12. Reports on Audited Financial Statements  540

PART THREE Stand-Alone Modules 

A. Other Public Accounting Services 583

B. Professional Ethics 628

C. Legal Liability 676

D. Internal Audits, Governmental Audits, and Fraud Examinations 720

E. Overview of Sampling 762

F. Attributes Sampling 795

G. Variables Sampling 835

H. Auditing and Information Technology 883

CASES

Andersen: An Obstruction of Justice? C1

PTL Club—The Harbinger of Things to Come? C5

GM: Running on Empty? C11

Unhealthy Accounting at HealthSouth C14

KPMG: How Many Firms? C17

Something Went Sour at Parmalat C20

GE: How Much Are Auditors Paid? C23

Satyam Computer Services Ltd.—India’s Enron C26

Auditor Changes at Daily Journal Corporation C30

London Has Fallen C33

Lehman Brothers: Subprime Accounting? C34

Bernard L. Madoff: The Fraud of the Century C37

When the Music Stops: Crazy Eddie’s C40