Modern Auditing, Study Guide, 7th Edition

by William C. Boynton (California Polytechnic State Univ. at San Luis Obispo); Raymond N. Johnson (Portland State Univ.); Walter G. Kell (Univ. of Michigan)

• ISBN13: 9780471345930
• ISBN10: 0471345938
• Edition: 7th
• Format: Paperback
• Copyright: 2001-03-01
• Publisher: Wiley

Summary

Known for its clear writing style and accessibility, this revision incorporates increased emphasis on understanding the business and industry, analytical procedures, computer aspects of internal controls, plus new assurance and value-added services, Internet applications and end-of-chapter materials. The result is a new edition that provides comprehensive and integrated coverage of the latest developments in the environment, standards, and methodology of auditing.

Table of Contents

Part I The Auditing Environment
Auditing and the Public Accounting Profession	1	(13)
Financial Statement Audits and Auditors' Responsibilities	14	(17)
Professional Ethics	31	(15)
Auditor's Legal Liability	46	(14)
Part II Audit Planning
Overview of the Audit Process	60	(12)
Audit Objectives, Evidence, and Working Papers	72	(14)
Accepting the Engagement and Planning the Audit	86	(15)
Materiality, Risk, and Preliminary Audit Strategies	101	(15)
Understanding Internal Control	116	(17)
Part III Audit Testing Methodology
Assessing Control Risk/Tests of Controls	133	(16)
Detection Risk and the Design of Substantive Tests	149	(15)
Audit Sampling in Tests of Controls	164	(14)
Audit Sampling in Substantive Tests	178	(16)
Part IV Auditing the Transaction Cycles
Auditing the Revenue Cycle	194	(19)
Auditing the Expenditure Cycle	213	(16)
Auditing the Production and Personnel Services Cycles	229	(20)
Auditing the Investing and Financing Cycles	249	(15)
Auditing Investments and Cash Balances	264	(15)
Part V Reporting and Other Responsibilities
Completing the Audit/Postaudit Responsibilities	279	(15)
Reporting on Audited Financial Statements	294	(17)
Other Services and Reports	311	(17)
Assurance Services	328	(9)
Internal, Operational, and Governmental Auditing	337