The Fourth Edition of the highly successful auditing text reflects recent changes in auditing standards, while retaining the traditional strengths of previous editions. The latest auditing, reporting, and attestation standards are all addressed, as are changes in the AICPA code. There is new material on materiality, internal control, compliance, common and statutory law, audit planning, ethics, and the auditor's responsibility to detect irregularities. The statistical sampling tables have been simplified for easier reference. Each chapter retains the pedegogical aids of the earlier editions: glossary, references, review questions, objective questions, discussion/case questions.
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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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