Auditing, Assurance Services and Ethics in Australia is a confidence-building way of learning the roles and legal responsibilities of a professional auditor.
- This book and software package perfectly is suited to a 12 week course
- Designed for undergraduate or postgraduate students seeking professional recognition from associations such as CPA, ICAA, IPA and ACAA.
- Covers essential theory and best practices in auditing in 19 chapters, with up to date references to all recently issued auditing standards and relevant legislation
- Experience planning and completing an audit through stimulating integrated case studies with financial statements included
- Practice realistic computer-assisted auditing techniques with the ACL software provided with each new copy of the text.
Auditing, Assurance Services and Ethics in Australia is the most authentic and practical resource for auditing students available today.
Prepare students for real-world audit decision making with illustrative examples of key audit decisions, emphasising corporate governance, audit planning, risk assessment processes and collecting and evaluating evidence in response to risks.
Promote active research with Online Issues in each chapter: internet-based case/homework assignments which require students to research relevant real world auditing issues.
Provide students with the experience of Computer-Assisted Auditing Techniques with market-leading ACL Software. Chartered Accounting firms are increasingly using audit software for audit testing and fraud analysis. ACL provides a wide range of opportunities for incorporating computer-assisted audit techniques (CAATs) in the auditing curriculum. Students are exposed to ACL audit software in the opening vignettes for Chapters 9 and 10. Instructors may use this supplement in conjunction with exercises in Chapter 10 which introduces the study of CAATs.
Engage students with two integrated Case Studies!
Running case 1: Rouge Clothing annual report
Extracts from the annual report for the running case of the fictitious Rouge Clothing Company are included as a full-colour insert at the back of the textbook. Financial statements and other information included in the annual report are used in examples throughout the book to illustrate chapter concepts. When Rouge Clothing is referred to in the text, a shopping bag icon is shown in the margin.
Running case 2: Pinnacle Manufacturing integrated case study
The Pinnacle Manufacturing integrated case represents a larger, multi-division company, and appears in six parts in Chapters 6, 7, 8, 14 and 15. Each part of the case is included at the end of the chapter to which the part relates. The parts of the case are connected so that students will gain a better understanding of how the parts of the audit are interrelated and integrated by the audit process.
New to this Edition
- Recently issued auditing standards (ASAs, ASREs and ASAEs), Accounting Professional and Ethical Statements (APESs), the Framework for Assurance Engagements, the Explanatory Guide to AUASB Standards Applicable to Review Engagements, and guidance statements (AGSs and GSs).
- Any major changes in relevant regulation, including the changes to the Corporations Act 2001, are integrated into relevant chapters.
- Increased emphasis on audit quality in the context of the role of auditing in corporate governance which is integrated into relevant chapters.
- Expanded coverage on fraud and fraud auditing in Chapter 9, including coverage of corporate governance and other factors that reduce fraud risk.
PART 1 The Auditing Profession
Chapter 1 Demand for audit and assurance services
Chapter 2 Auditors’ legal environment
Chapter 3 Audit quality and ethics
Chapter 4 Audit responsibilities and objectives
Chapter 5 Audit evidence
PART 2 The Audit Process: Decisions and Planning
Chapter 6 Audit planning and documentation
Chapter 7 Materiality and risk
Chapter 8 Internal control and control risk
Chapter 9 Fraud auditing
Chapter 10 The impact of information technology on the audit process
Chapter 11 Overall audit plan and audit program 3 84
Chapter 12 Audit of the sales and collection cycle: Tests of controls and substantive tests of transactions
PART 3 The Audit Process: Application
Chapter 13 Completing tests in the sales and collection cycle: Accounts receivable
Chapter 14 Audit sampling
Chapter 15 Audit of transaction cycles and financial statement balances I
Chapter 16 Audit of transaction cycles and financial statement balances II
PART 4 The Audit Process: Completing the Audit
Chapter 17 Completing the audit
Chapter 18 Audit reporting
PART 5 Special Topics
Chapter 19 Other auditing and assurance engagements