Synopses & Reviews
AUDITING encourages discovery learning in its coverage of auditing practices. By integrating academic research; offering audit documentation review cases; and proposing research projects that ask students to answer challenging questions, the text exposes students to databases, annual reports, and the professional literature in a way that will prepare them for success in their future careers. The new edition focuses on fraud, restatement, and earnings management--addressing corporate governance and the audit standard setting that is evolving as a result of recent scandals (such as Enron/Arthur Andersen) and mandates (such as the Sarbanes-Oxley Act of 2002 and the standards of the Public Accounting Oversight Board and the SEC).
Review
I have used the book for several years because it is well written and has good supplementary material (including the website and PowerPoint slides.)
Synopsis
Be successful in this course and in your career with AUDITING! With a focus on fraud, restatement, and earnings management, this auditing textbook exposes you to databases, annual reports, and the professional literature in a way that will prepare you for success in your future career. Real world applications and working paper review cases are just a few of the many tools integrated throughout the text that will help you apply what you're learning to the real world. A concise step-by-step overview of the audit and assurance services processes ensures that you master the concepts presented in the text.
About the Author
David N. Ricchiute, Deloitte & Touche Professor of Accountancy, University of Notre Dame, has published articles in The Accounting Review, the Journal of Accounting Research, Accounting Organizations & Society, the Journal of Applied Psychology, Organizational Behavior and Human Decision Processes, the Journal of Experimental Psychology, Issues in Accounting Education, the Journal of Accountancy, and The CPA Journal, among others. Formerly on the audit staff of Price Waterhouse (now PricewaterhouseCoopers) and a visiting professor at the University of Michigan, Ann Arbor, he has served as Director of Research of the Audit Section of the American Accounting Association (AAA), on the editorial boards of accounting and auditing journals, as an educational and professional consultant to public accounting firms, law firms, and state audit agencies throughout the country, and on committees of the AICPA and the AAA, including the AAA Audit Section's Task Force on Future Audit, Attestation, and Assurance Services. His teaching awards include: Outstanding Teacher of the Year, College of Business Administration, University of Notre Dame.
Table of Contents
PART ONE. RESPONSIBILITIES AND REPORTING. 1. An Introduction to Audit and Other Assurance Services. 2. Standards, Materiality, and Risk. 3. Audit Reports. 4. Professional Ethics. 5. Legal Liability. PART TWO. THE AUDIT PROCESS AND INTERNAL CONTROL. 6. Evidence. 7. The Audit Process and Detecting Fraud. 8. Internal Control. PART THREE. AUDITING THE REVENUE/RECEIPT AND THE EXPENDITURE/DISBURSEMENT CYCLES. 9. Audit Sampling. 10. Sales and Cash Receipts Transactions. 11. Accounts Receivable and Cash Balances. 12. Purchases and Cash Disbursements Transactions. 13. Accounts Payable, Prepaids, and Accrued Liabilities. PART FOUR. AUDITING OTHER CYCLES AND COMPLETING AN AUDIT. 14. Personnel and Payroll. 15. Inventory and Fixed Assets. 16. Investments, Debt, and Equity. 17. Completing an Engagement. PART FIVE. ASSURANCE AND ATTESTATION SERVICES, COMPLIANCE AND INTERNAL AUDITING. 18. Other Assurance and Attestation Services. 19. Compliance and Internal Auditing.