Details

<p>Introduction 1</p> <p><b>Part I: Getting an Auditing Initiation 7</b></p> <p>Chapter 1: Taking Auditing into Account 9</p> <p>Chapter 2: The Role of Auditing in Public Accounting 21</p> <p>Chapter 3: Understanding Professional Standards and Ethics 33</p> <p><b>Part II: Performing the Initial Auditing Steps 45</b></p> <p>Chapter 4: Getting Engaged: Preparing to Conduct an Audit 47</p> <p>Chapter 5: Assessing Audit Risk 67</p> <p>Chapter 6: Collecting and Documenting Audit Evidence 91</p> <p>Chapter 7: Auditing a Client’s Internal Controls 111</p> <p>Chapter 8: Sampling the Records 133</p> <p><b>Part III: Auditing How a Client Conducts Business 153</b></p> <p>Chapter 9: The Revenue Process: Auditing How a Business Makes Money 155</p> <p>Chapter 10: The Purchasing Process: Auditing How a Business Spends Money 181</p> <p>Chapter 11: The Human Resources Process: Auditing Personnel Practices 201</p> <p>Chapter 12: Inventory Management: Auditing How a Business Manages Its Products 219</p> <p><b>Part IV: Focusing on a Client’s Finances 239</b></p> <p>Chapter 13: Auditing Fixed and Intangible Assets 241</p> <p>Chapter 14: Auditing Long-Term Liabilities and Stockholder Equity 261</p> <p>Chapter 15: Auditing Cash and Investments 283</p> <p><b>Part V: Completing the Audit 297</b></p> <p>Chapter 16: Performing Final Due Diligence 299</p> <p>Chapter 17: Wrapping It Up: Issuing the Report 313</p> <p>Chapter 18: The Spectrum of Engagement Services 325</p> <p><b>Part VI: The Part of Tens 339</b></p> <p>Chapter 19: Ten Procedures to Obtain Audit Evidence 341</p> <p>Chapter 20: Ten Tips to Stay Educated in Audit Procedures 345</p> <p>Index 349</p>

<b>Maire Loughran</b> is a self-employed certified public accountant (CPA) who has prepared compilation, review, and audit reports for fifteen years. Additionally, she is a university professor of undergraduate- and graduate-level accounting classes.

<b>The easy way to master the art of auditing</b> <p>Want to be an auditor and need to hone your investigating skills? Look no further. This friendly guide gives you an easy-to-understand explanation of auditing — from gathering financial statements and accounting information to analyzing a client's financial position. Packed with examples, it gives you everything you need to ace an auditing course and begin a career today.</p> <ul> <li>Auditing 101 — get a crash course in the world of auditing and a description of the types of tasks you'll be expected to perform during a typical day on the job</li> <li>It's risky business — find out about audit risk and arm yourself with the know-how to collect the right type of evidence to support your decisions</li> <li>Auditing in the real world — dig into tons of sample business records to perform your first audit</li> <li>Focus on finances — learn how both ends of the financial equation — balance sheet and income statement — need to be presented on your client's financial statements</li> <li>Seal the deal — get the lowdown on how to wrap up your audit and write your opinion</li> <li>After the audit — see the types of additional services that may be asked of you after you've issued your professional opinion</li> </ul> <p>Open the book and find:</p> <ul> <li>A day in the life of an auditor</li> <li>Who gets audited and why</li> <li>Professional standards and ethics</li> <li>How to assess audit risk</li> <li>Tips on collecting and documenting audit evidence</li> <li>The best way to get to know your client</li> <li>Auditing practices for every business angle (revenue, purchases, personnel, and more)</li> <li>What you'll need to complete the audit</li> </ul> <p>Learn to:</p> <ul> <li>Understand the concepts and theories of auditing</li> <li>Conduct internal and external audits</li> <li>Ensure accurate and correct records</li> <li>Avoid fraudulent practices</li> </ul>

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