Modern auditing and assurance services

Modern Auditing and Assurance Services 5th edition has been thoroughly updated in accordance with the Clarity Auditing Standards and presents a current and thorough coverage of audit and assurance services. The increased focus on contemporary audit practice - including professional ethics and ethical competence, governance and professional independence, and changes in legal liability for the audit profession - will equip students with the necessary knowledge and skills required by the profession.Pt. 1. The auditing and assurance environment. 1. An overview of auditing, assurance and the public accounting profession. 2. Governance and the auditor. 3. Professional ethics, independence and audit quality. 4. Assurance engagements. 5. The auditor's legal liability. -- Pt. 2. Auditing planning. 6. Overview of the audit of financial statements. 7. The Auditor's Report. 8. Client evaluation and planning the audit. 9. Business and audit risk assessment. 10. Materiality and audit evidence. -- Pt. 3. Audit testing methodology. 11. Test of controls. 12. Designing substantive procedures. 13. Audit sampling. -- Pt. 4. Auditing transactions and balances. 14. Auditing sales and receivables. 15. Auditing purchases, payables and payroll. 16. Auditing inventories and property, plant and equipment. 17. Auditing cash and investments. – Pt. 5. Completing the audit. 18. Completing the audit.855 page(s)5th ed