Auditing: A Business Risk Approach (with CD-ROM) - Hardcover

Rittenberg, Larry E.; Schwieger, Bradley J.; Johnstone, Karla

Hardcover

ISBN 10: 0324375581 ISBN 13: 9780324375589

Publisher: South-Western College Pub, 2007

Synopsis

Gain the thorough understanding of today's auditing process with the hands-on practice that's critical for your business success with AUDITING: A BUSINESS RISK APPROACH, 6th Edition. This book introduces the audit process within the context of business risk--teaching you why it is important to first understand the organization's business environment and how you can apply the risk model. An emphasis on the integrated audit in this edition guides you through how to perform it effectively as well as what decisions and management commitments are necessary to complete it. You gain first-hand experience in using the well-known professional ACL Audit software, which accompanies each new book, as you practice audit techniques and work with specialized cases. AUDITING, 6th Edition prepares you to succeed amidst today's numerous auditing changes with the latest look at audit regulations, concepts, and practices as they apply in today's technological, systems-oriented environment.

About this title

About the Author:

Larry E. Rittenberg, Ph.D., CPA, CIA, is Professor Emeritus, Department of Accounting and Information Systems, at the University of Wisconsin, Madison, where he taught courses in auditing, risk management, and corporate governance. He is also Chair Emeritus of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), where he has provided oversight of the development of the COSO Enterprise Risk Management Framework as well as the COSO Guidance for Smaller Businesses. He has served as Vice-Chair of Professional Practices for the Institute of Internal Auditors (IIA) and President of the IIA Research Foundation; and has been a member of the Auditing Standards Committee of the AAA Auditing Section, the AICPA's Computer Audit Subcommittee, the Information Technology Committee, the NACD Blue Ribbon Commission on Audit Committees; and Vice-President and Treasurer of the American Accounting Association. He is a member of an audit committee, board, and governance committee of Woodward Governor, a publicly traded company, and has consulted on audit committee, risk, and control issues with the largest public company in China. More recently, he has been named as one of the seven members of the International Oversight Council for Professional Practice of the IIA. Professor Rittenberg served as staff auditor for Ernst and Young and has co-authored five books and monographs, and numerous articles.

Review:

"The authors' emphasis on the regulatory environment, the importance of understanding the organization and its environment along with related risks, the integrated approach to auditing, and the impact of technology to the auditing profession are right on target. COSO has been emphasizing the integrated audit for decades now and it is finally catching on...." "With texts such as [this], we are beginning to move the direction of teaching auditors to go well beyond the rules in implementing their profession in an ethical manner. The themes presented in this text are fundamental to this. They are very appropriate for my use of this text, for the only auditing course taught at our institution."

"The textbook appears to be written by an auditing scholar with relevant field auditing experience as opposed to many auditing textbooks which are written by scholars who write what they "think" is occurring in the field."

"I like the five themes of the Sixth edition... they reflect some of the main reasons why I adopted the text initially and continue to use it. I like the overriding theme of business risk approach, the emphasis on the technological environment. It also is critically important, especially in today's rapidly changing environment, to stay current with the regulatory and legal environment of the audit. The movement toward the Integrated Audit also fits in well with the other themes."

"Overall, I am pleased with the approach and balance of the Rittenberg text and plan to continue using it."

"These themes are comprehensive of the issues facing auditing today, and they are the right themes to include in this textbook."

About this edition

• Publisher: South-Western College Pub
• Publication date: 2007
• ISBN 10: 0324375581
• ISBN 13: 9780324375589
• Binding: Hardcover
• Edition number: 6
• Number of pages: 831