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Auditing and Assurance Services, Global Edition

Auditing and Assurance Services, Global Edition

ISBN 9781292147871
Edition 16
Publication Date
Purchase Type Buy New
Publisher Pearson Education
Author(s)
This product has been discontinued.
Overview

About the Book

 

Comprehensive, Integrated, and Up-to-date

UPDATED! Several chapters have been updated to reflect important developments related to auditing, including: Chapter 1, which introduces the importance of considering developments in international auditing standards. Chapter 2, which discusses the role of the International Auditing and Assurance Standards Board (IAASB) in the issuance of international standards on auditing (ISAs) and the Auditing Standards Board’s efforts to converge U.S. standards to international standards. Chapter 3, which highlights implications for auditor reports on companies reporting under International Financial Reporting Standards (IFRS). Several chapters throughout the book include text or mid-chapter vignette coverage of international issues, and international issues are also addressed in homework problems. Coverage of the AICPA Clarity Project and new PCAOB standards has been added, including Standard No. 18, Related Parties. UPDATED! Coverage of the revised AICPA Code of Professional Conduct, which was recently aligned with international standards, has been added. REVISED! Discussion of auditor judgment and professional skepticism has been expanded, including material in Chapters 6 and 10. The text discusses the importance of a questioning mindset and the need to critically evaluate audit evidence to strengthen awareness of the elements of effective professional skepticism. Discussion of the requirements of the Sarbanes—Oxley Act of 2002 and the PCAOB Auditing Standard 5 (AS 5) that impact accelerated filer public companies has been added, and the risk assessment standards issued by the Auditing Standards Board are integrated throughout the text. Chapter 23 addresses issues associated with auditing financial instruments and obtaining sufficient appropriate audit evidence for fair value account estimates. REVISED! Expanded coverage of service organization control (SOC) reports issued by service center auditors is included. Both Chapters 10 and 25 reflect the new guidance for service auditors reporting on internal controls at service organizations, including coverage of the different types of reports provided in SOC 1, SOC 2, and SOC 3 engagements. Chapter 25 describes a new type of nonattest engagement service and distinguishes it from compilation and review engagement requirements.

 

Helpful Pedagogical Features and Design Choices

Concept Checks within each chapter highlight short-answer questions to help students recap content covered within different sections of the chapter. REVISED! End-of-chapter homework material for all chapters has been significantly revised. In partnership with Becker CPA Review, new multiple-choice problems from their CPA exam preparation materials have been included. These problems, which are included in all 26 chapters, are labeled with the Becker logo. Additionally, each chapter identifies new or revised Discussion Questions and Problems that instructors can use in class to generate discussion about important topics addressed in each chapter. Each chapter also identifies homework problems that require students to research standards and other material using the Internet. Selected problems using ACL have been included in several chapters. These problems allow students to see how audit software is used to perform specific types of audit tests. Additional guidance for students on the use of ACL is included both on the text website and as an appendix to the text. The annual report for the Hillsburg Hardware Company is included as a four-color insert to the text. Financial statements and other information included in the annual report are used in examples throughout the text to illustrate chapter concepts. REVISED! The Pinnacle Manufacturing integrated case has been revised and expanded to consist of seven parts included at the end of the chapter to which that part relates. Each part of the case is designed to give students hands-on experience, and is connected to allow students to gain a better understanding of how the parts of the audit are integrated by the audit process.

 

MyAccountingLab® not included. Students, if MyAccountingLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyAccountingLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Multiple Choice Questions from Becker’s CPA Exam Review. Sample problems, assignable in MyAccountingLab, provide an introduction to the CPA Exam format and an opportunity for early practice for students, with CPA exam—style questions. UPDATED! HTML5 Player. In addition to matching the Flash player’s support of Accessibility requirements, the HTML5 player has a new “Show Work” feature to allow students to enter text either from a keyboard or stylus and to draw freehand on different backgrounds, such as a coordinate graph, with multiple fonts and colors. Students can also continue to upload images such as phone-photos of handwritten work. Printing enhancements include: a more pen-and-paper-friendly layout of exercises the ability for instructors to choose whether to print the header; to include an honor statement; and to print with answers inline, after each question, or on a separate sheet UPDATED! Discussion Board has a new design including a new nested layout and the ability to filter by Read/Unread, Date, and Name.
Overview

About the Book

 

Comprehensive, Integrated, and Up-to-date

UPDATED! Several chapters have been updated to reflect important developments related to auditing, including: Chapter 1, which introduces the importance of considering developments in international auditing standards. Chapter 2, which discusses the role of the International Auditing and Assurance Standards Board (IAASB) in the issuance of international standards on auditing (ISAs) and the Auditing Standards Board’s efforts to converge U.S. standards to international standards. Chapter 3, which highlights implications for auditor reports on companies reporting under International Financial Reporting Standards (IFRS). Several chapters throughout the book include text or mid-chapter vignette coverage of international issues, and international issues are also addressed in homework problems. Coverage of the AICPA Clarity Project and new PCAOB standards has been added, including Standard No. 18, Related Parties. UPDATED! Coverage of the revised AICPA Code of Professional Conduct, which was recently aligned with international standards, has been added. REVISED! Discussion of auditor judgment and professional skepticism has been expanded, including material in Chapters 6 and 10. The text discusses the importance of a questioning mindset and the need to critically evaluate audit evidence to strengthen awareness of the elements of effective professional skepticism. Discussion of the requirements of the Sarbanes—Oxley Act of 2002 and the PCAOB Auditing Standard 5 (AS 5) that impact accelerated filer public companies has been added, and the risk assessment standards issued by the Auditing Standards Board are integrated throughout the text. Chapter 23 addresses issues associated with auditing financial instruments and obtaining sufficient appropriate audit evidence for fair value account estimates. REVISED! Expanded coverage of service organization control (SOC) reports issued by service center auditors is included. Both Chapters 10 and 25 reflect the new guidance for service auditors reporting on internal controls at service organizations, including coverage of the different types of reports provided in SOC 1, SOC 2, and SOC 3 engagements. Chapter 25 describes a new type of nonattest engagement service and distinguishes it from compilation and review engagement requirements.

 

Helpful Pedagogical Features and Design Choices

Concept Checks within each chapter highlight short-answer questions to help students recap content covered within different sections of the chapter. REVISED! End-of-chapter homework material for all chapters has been significantly revised. In partnership with Becker CPA Review, new multiple-choice problems from their CPA exam preparation materials have been included. These problems, which are included in all 26 chapters, are labeled with the Becker logo. Additionally, each chapter identifies new or revised Discussion Questions and Problems that instructors can use in class to generate discussion about important topics addressed in each chapter. Each chapter also identifies homework problems that require students to research standards and other material using the Internet. Selected problems using ACL have been included in several chapters. These problems allow students to see how audit software is used to perform specific types of audit tests. Additional guidance for students on the use of ACL is included both on the text website and as an appendix to the text. The annual report for the Hillsburg Hardware Company is included as a four-color insert to the text. Financial statements and other information included in the annual report are used in examples throughout the text to illustrate chapter concepts. REVISED! The Pinnacle Manufacturing integrated case has been revised and expanded to consist of seven parts included at the end of the chapter to which that part relates. Each part of the case is designed to give students hands-on experience, and is connected to allow students to gain a better understanding of how the parts of the audit are integrated by the audit process.

 

MyAccountingLab® not included. Students, if MyAccountingLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyAccountingLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Multiple Choice Questions from Becker’s CPA Exam Review. Sample problems, assignable in MyAccountingLab, provide an introduction to the CPA Exam format and an opportunity for early practice for students, with CPA exam—style questions. UPDATED! HTML5 Player. In addition to matching the Flash player’s support of Accessibility requirements, the HTML5 player has a new “Show Work” feature to allow students to enter text either from a keyboard or stylus and to draw freehand on different backgrounds, such as a coordinate graph, with multiple fonts and colors. Students can also continue to upload images such as phone-photos of handwritten work. Printing enhancements include: a more pen-and-paper-friendly layout of exercises the ability for instructors to choose whether to print the header; to include an honor statement; and to print with answers inline, after each question, or on a separate sheet UPDATED! Discussion Board has a new design including a new nested layout and the ability to filter by Read/Unread, Date, and Name.
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