English

Auditing

Principles of Auditing & Other Assurance Services

2024 Release
By Ray Whittington

About This Book

This textbook provides a comprehensive overview of the auditing profession, covering the principles, standards, and procedures necessary for conducting financial statement audits and other assurance engagements. It integrates current professional standards, including those from the AICPA and PCAOB, to explain the audit process from planning and risk assessment to reporting.
Book Review | Amerbach
Principles of Auditing & Other Assurance Services, 2024 Release, serves as a foundational resource for students navigating the complexities of modern auditing. The book is structured to guide the reader through the audit process, beginning with the professional environment and the regulatory framework that governs the practice. It places significant emphasis on the integration of professional standards, ensuring that the material remains aligned with the evolving requirements of the AICPA and the PCAOB. The scope of the book is broad, covering essential topics such as audit planning, internal control evaluation, evidence gathering, and the final reporting phase. A notable characteristic of this edition is its focus on the practical application of auditing concepts, utilizing case studies and examples to illustrate how theoretical principles are applied in real-world scenarios. The organization of the material is logical, moving from the conceptual foundations of assurance to the specific methodologies required for different transaction cycles. By addressing both financial statement audits and other forms of assurance services, the book provides a well-rounded perspective on the role of the auditor in the capital markets. The depth of coverage is sufficient to support academic instruction while providing enough detail to serve as a reference for those entering the profession. The book is particularly well-suited for undergraduate accounting students who are preparing for professional examinations, as it emphasizes the critical thinking skills and ethical considerations necessary for effective auditing. From an Amerbach perspective, this book occupies a central place in the accounting curriculum, acting as a bridge between academic theory and the practical demands of the auditing profession. It provides a structured and reliable framework for understanding the responsibilities of auditors and the methodologies they employ to enhance the reliability of financial information.

Academic Use

Auditing and Assurance Services courses

Who Is It For?

Accounting students preparing for professional certification and careers in public accounting.

Table of Contents

  1. 1. The Auditing and Assurance Services Profession
  2. 2. Professional Standards
  3. 3. Management Fraud and Audit Risk
  4. 4. Audit Evidence and Documentation
  5. 5. Planning the Audit
  6. Internal Control
  7. 6. Internal Control in a Financial Statement Audit
  8. 7. Consideration of Internal Control in an Information Technology Environment
  9. 8. Audit Sampling
  10. 9. Audit Procedures in Response to Assessed Risk
  11. 10. Completing the Audit
  12. 11. Reports on Audited Financial Statements
  13. 12. Other Assurance and Nonassurance Services
  14. 13. Professional Ethics
  15. 14. Legal Liability.