Auditing and Assurance Services, Global Edition

Series
Pearson
Author
Randal J. Elder / Mark S. Beasley / Chris E. Hogan / Alvin A. Arens  
Publisher
Pearson
Cover
Softcover
Edition
17
Language
English
Total pages
856
Pub.-date
September 2019
ISBN13
9781292311982
ISBN
1292311983
Related Titles



Description

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.

 

For core courses in auditing.

 

An integrated, up-to-date approach to auditing and assurance services

Comprehensive and up-to-date, including discussion of new standards, codes, and concepts, Auditing and Assurance Services: An Integrated Approach, 17th Edition presents an integrated approach to auditing that details the process from start to finish. Based on the authors’ belief that the fundamental concepts of auditing center on the nature and amount of evidence that auditors should gather in specific engagements, the text’s primary objective is to illustrate auditing concepts using practical examples and real-world settings. Using key real audit decisions as their foundation, students can successfully conduct an audit according to a financial reporting framework.

 

Pearson MyLab Accounting is not included. Students, if Pearson MyLab Accounting is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Accounting should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

 

Reach every student by pairing this text with Pearson MyLab Accounting

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

Features

Comprehensive and up-to-date coverage of key standards

·    New and Updated - Guidance on the latest auditing standards, including the recently issued SAS No. 133, Clarity, and PCAOB standards.

·    New - Extensive coverage of new auditor report guidelines, including a number of illustrations of auditor reports for different engagement circumstances (Chapter 3).

·    New - Coverage of how data analytics and other advanced technologies are being used in all phases of the audit, spanning from initial planning through the completion of the audit.

·    The text continues to cover financial instrumentservice organization control (SOC) reports, preparation service engagements, and professional skepticism and auditor judgement -- using examples to emphasize fraud and current auditing issues.

·    Several chapters throughout the book, as well as homework problems, emphasize international issues, so students learn about auditing standards not only at home, but also around the world.

·    Updated and Expanded - Coverage of risk assessment procedures and understanding internal control as well as auditing asset impairment keep students abreast of developments in these important topics.

 

A solid pedagogy helps students achieve “Ah Ha” moments

·    New and Updated - Opening and Mid-Chapter Vignettes help students connect the important auditing concepts to real-world situations.

·    Concept Checks in each chapter highlight short-answer questions to help students recap content covered within different sections.

·    New and Updated - End-of-Chapter Discussion Questions and Problems lets instructors generate classroom discussion or assign homework about important topics addressed in each chapter. It includes:

o   New multiple-choice problems from Becker’s CPA exam preparation materials, providing an introduction to the CPA exam format and opportunity for early practice with CPA exam-style questions.

o   A new dataset featuring hypothetical company, JA Tire Manufacturing, gives students hands-on experience using various audit data analytics tools.

o   New - Research problems require students to conduct internet-based research to address various audit issues, exposing them to real audit-related decisions.

·    New and Updated - Select problems using ACL allow students to see how audit software (Microsoft Excel) is used to perform specific types of audit tests.

·    The annual report for the Hillsburg Hardware Company, including financial statements and other information, are used in examples throughout the text to illustrate chapter concepts.

·    Revised - An integrated Pinnacle Manufacturing case, revised in the 17th Edition with new financial data, gives students hands-on experience and a better understanding of how the different parts of an audit form the auditing process.

 

MyLab™ Accounting is not included. Students, if Pearson MyLab Accounting is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Accounting should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

 

·    Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs.

o   With Reporting Dashboard, view, analyze, and report learning outcomes clearly and easily; and get the information you need to keep your students on track throughout the course.

o   New - Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight, take notes, and review key vocabulary all in one place -- even when offline. Seamlessly integrated videos and other rich media engage students and give them access to the help they need, when they need it. Educators can easily share their own notes with students so they see the connection between their eText and what they learn in class.

·    Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need -- when and where they need it -- to be successful.

o   With Learning Catalytics™, you’ll hear from every student when it matters most. You pose a variety of questions that help students recall ideas, apply concepts, and develop critical-thinking skills. Your students respond using their own smartphones, tablets, or laptops.

·    Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust -- and that keep your students engaged.

o   Multiple-Choice Questions from Becker’s CPA Exam Review. Sample problems, assignable in Pearson MyLab Accounting, provide an introduction to the CPA Exam format and an opportunity for early practice for students, with CPA exam-style questions.

·    Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.

New to this Edition

Comprehensive and up-to-date coverage of key standards

·    Guidance on the latest auditing standards, including the recently issued SAS No. 133, Clarity, and PCAOB standards.

·    Extensive coverage of new auditor report guidelines, including a number of illustrations of auditor reports for different engagement circumstances (Chapter 3).

·    Coverage of how data analytics and other advanced technologies are being used in all phases of the audit, spanning from initial planning through the completion of the audit.

·    Coverage of risk assessment procedures and understanding internal control as well as auditing asset impairment keep students abreast of developments in these important topics.

 

A solid pedagogy helps students achieve “Ah Ha” moments

·    Opening and Mid-Chapter Vignettes help students connect the important auditing concepts to real-world situations.

·    Multiple-choice problems from Becker’s CPA exam preparation materials, providing an introduction to the CPA exam format and opportunity for early practice with CPA exam-style questions.

·    A dataset featuring hypothetical company, JA Tire Manufacturing, gives students hands-on experience using various audit data analytics tools.

·    Research problems require students to conduct internet-based research to address various audit issues, exposing them to real audit-related decisions.

·    Select problems using ACL allow students to see how audit software (Microsoft Excel) is used to perform specific types of audit tests.

·    An integrated Pinnacle Manufacturing case, revised in the 17th Edition with new financial data, gives students hands-on experience and a better understanding of how the different parts of an audit form the auditing process.

 

 

MyLab™ Accounting is not included. Students, if Pearson MyLab Accounting is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson MyLab Accounting should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

 

·    Pearson eText is a simple-to-use, mobile-optimized, personalized reading experience available within MyLab. It lets students highlight, take notes, and review key vocabulary all in one place -- even when offline. Seamlessly integrated videos and other rich media engage students and give them access to the help they need, when they need it. Educators can easily share their own notes with students so they see the connection between their eText and what they learn in class.

Table of Contents

PART 1: THE AUDITING PROFESSION

1. The Demand for Audit and Other Assurance Services

2. The CPA Profession

3. Audit Reports

4. Professional Ethics

5. Legal Liability

 

PART 2: THE AUDIT PROCESS

6. Audit Responsibilities and Objectives

7. Audit Evidence

8. Audit Planning and Materiality

9. Assessing the Risk of Material Misstatement

10. Assessing and Responding to Fraud Risks

11. Internal Control and Coso Framework

12. Assessing Control Risk and Reporting on Internal Controls

13. Overall Audit Strategy and Audit Program

 

PART 3: APPLICATION OF THE AUDIT PROCESS TO THE SALES AND COLLECTION CYCLE

14. Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions

15. Audit Sampling for Tests of Controls and Substantive Tests of Transactions

16. Completing the Tests in the Sales and Collection Cycle: Accounts Receivable

17. Audit Sampling for Tests of Details of Balances

 

PART 4: APPLICATION OF THE AUDIT PROCESS TO OTHER CYCLES

18. Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable

19. Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts

20. Audit of the Payroll and Personnel Cycle

21. Audit of the Inventory and Warehousing Cycle

22. Audit of the Capital Acquisition and Repayment Cycle

23. Audit of Cash and Financial Instruments

 

PART 5: COMPLETING THE AUDIT

24. Completing the Audit

 

PART 6: OTHER ASSURANCE AND NONASSURANCE SERVICES

25. Other Assurance Services

26. Internal and Governmental Financial Auditing and Operational Auditing