Auditing A Practical Approach with Data Analytics

by Johnson, Raymond N.; Wiley, Laura Davis; Moroney, Robyn; Campbell, Fiona; Hamilton, Jane

• ISBN13: 9781119785996
• ISBN10: 1119785995
• Edition: 2nd
• Format: Loose-leaf
• Copyright: 2021-10-05
• Publisher: Wiley

Summary

Data analytics and emerging technology tools continue to evolve the business world, and employers expect new skillsets from graduates. Prepare your students to meet the rapidly changing demands of the workforce and become the future auditors and accounting professionals of tomorrow with Auditing: A Practical Approach with Data Analytics, 2nd Edition.

In order to develop job-ready skills, students need to have a thorough understanding of auditing applications and procedures. Auditing, 2nd Edition helps students learn core auditing concepts efficiently and spark effective learning through integrated assessment learning that builds students' confidence and strengthens their ability to make connections between topics and real-world application.

Throughout the course, students work through a practical, case-based approach with a decision-making focus, all within a real-world context with the Cloud 9 continuing case, Audit Decision Cases, and Audit Decision-Making Examples. These cases and resources help students learn to think critically within the auditing context and refine the professional judgement and communication skills needed to make real business decisions auditors face every day.

With Auditing: A Practical Approach with Data Analytics you will be able to help students develop a deeper understanding of auditing procedures and learn how to perform a real-world audit, stay up-to-date on the latest audit standards technology tools, and develop the key skills to become the auditors of tomorrow.

Table of Contents

1 Introduction and Overview of Audit and Assurance 1-1

2 Professionalism and Professional Responsibilities 2-1

3 Risk Assessment Part I: Audit Risk and Audit Strategy 3-1

4 Risk Assessment Part II: Understanding the Client 4-1

5 Audit Evidence 5-1

6 Gaining an Understanding of the Client’s System of Internal

Control 6-1

7 Risk Response: Performing Tests of Controls 7-1

8 Audit Data Analytics 8-1

9 Risk Response: Performing Substantive Procedures 9-1

10 Risk Response: Audit Sampling for Substantive Procedures 10-1

11 Auditing the Revenue Process 11-1

12 Auditing the Purchasing and Payroll Processes 12-1

13 Auditing Cash, Inventory, and Related Income Statement

Accounts 13-1

14 Auditing Investing and Financing Activities 14-1

15 Completing the Audit 15-1

16 Reporting on the Audit 16-1

APPENDIX A Cloud 9 Inc. Audit A-1

AUDITING AND ASSURANCE STANDARDS AS-1

GLOSSARY G-1

INDEX I-1