Description
Book SynopsisPrepare for success in today's rapidly changing audit environment as you develop professional and ethical decision-making skills with Zehms/Gramling/Rittenberg's AUDITING: A RISK BASED-APPROACH, 12E. This edition integrates the latest in standards, including new guidance on audit reports, fraud risks and audit evidence. Unique conceptual frameworks help you strengthen ethical decision-making skills and professional skepticism. A new framework also guides you through using data analytics in auditing with simulation cases that use real-life data sets. Revised, reader-friendly content offers interesting learning features that highlight key points and provide hands-on opportunities to refine critical-thinking skills. New and revised end-of-chapter cases and problems further strengthen your writing skills for the CPA exam. In addition, MindTap digital resources are available with an interactive ebook and engaging cases to reinforce your data-driven decision-making skills.
Table of Contents1. Quality Auditing: Why It Matters. 2. The Auditor���s Responsibilities Regarding Fraud and Mechanisms to Address Fraud: Regulation and Corporate Governance. 3. Internal Control Over Financial Reporting: Responsibilities of Management and the External Auditor. 4. Professional Legal Liability. 5. Professional Auditing Standards and the Audit Opinion Formulation Process. 6. Audit Evidence. 7. Planning the Audit: Identifying and Responding to the Risks of Material Misstatement. 8. Specialized Audit Tools: Sampling and Generalized Audit Software. 9. Auditing the Revenue Cycle. 10. Auditing Cash and Marketable Securities. 11. Auditing Inventory, Goods and Services, and Accounts Payable: The Acquisition and Payment Cycle. 12. Auditing Long-Lived Assets: Acquisition, Use, Impairment, and Disposal. 13. Auditing Long-Term Liabilities and Stockholders' Equity Transactions. 14. Completing a Quality Audit. 15. Audit Reports. ACL Appendix. Case Index. Why It Matters and Fraud Focus Index by Chapter. Data Analytics cases by Chapter. Index.
