Auditing and Assurance Services: A Systematic Approach

Book Summary

This text book provides an in-depth exploration of the auditing process, focusing on the systematic and methodical approach used by auditors to assess financial statements. The book introduces core concepts of auditing, including the role of auditors, audit evidence, and audit risk, and emphasizes the importance of professional ethics and regulatory frameworks. Key topics include internal controls, risk assessment, substantive testing, and the use of technology in modern auditing practices. The authors present a comprehensive guide to understanding the audit process, from planning and performing audits to reporting audit findings. They stress the importance of judgment and decision-making skills, particularly in complex auditing scenarios.
The text provides a practical framework that students can apply in real-world auditing situations, using numerous case studies, examples, and exercises to deepen understanding. It also covers emerging issues in auditing, such as fraud detection, cybersecurity risks, and the increasing use of data analytics. Additionally, the book highlights the evolving role of auditors in providing assurance services beyond traditional financial audits.

ISBN’s: 9781260687637, 9780077732509, 9780077732509, 9781259162312

Authors

William F. Messier, Steven M. Glover, Douglas F. Prawitt