Thoroughly updated to reflect the latest auditing standards, this edition uses interesting and innovative ways to teach auditing. Provides comprehensive coverage of the subject, stressing not only the auditing process but the essence of the auditing profession. In keeping with SAS No. 55 and evolving professional practice, it introduces auditing procedure from an assertion-based approach. Stronger emphasis on the auditor's role is enhanced by an extensive overview of auditing, the role of CPA firms and the standards auditors apply.
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Presents auditing concepts and procedures within the context of audit assertions, as described in Statements on Auditing Standards. It includes the basic approach to reasoning from audit assertions to audit objectives to audit procedures and numerous examples of computer generated audit working papers. A new aspect of this edition is the introduction of value-added business advice as an integral part of the audit. Public accounting firms are placing increased emphasis on adding value to an audit.
Instructors's Manual, Computerized Test Bank and Study Guide is available. -- The publisher, John Wiley & Sons
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