Auditing & Assurance Services: A Systematic Approach

The fundamental values central to the Messier Jr./Glover/Prawitt text include: student engagement a systematic approach and decision making.Student Engagement: The authors believe students are best served by acquiring a strong understanding of the basic concepts that underlie the audit process and how to apply those concepts to various audit and assurance services. The text is accessible to students through straightforward writing and the use of engaging relevant real-world examples illustrations and analogies. The text explicitly encourages students to Òstop and thinkÓ at important points in the text to help them apply principles covered and also helps students see the application of concepts in a practical setting through Òpractice insightÓ boxes.A Systematic Approach: The authors first introduce the three underlying concepts of audit risk materiality and evidence then follow with a discussion of audit planning the assessment of control risk and a discussion of the nature timing and extent of evidence necessary to reach the appropriate level of detection risk. These concepts are then applied to each major business process and related account balances using a risk-based approach (in following with the new standards adopted by the various auditing boards).Decision Making: Since much of auditing practice involves the application of auditor judgment the authors focus on critical judgments and decision-making processes. If a student understands these basic concepts and how to apply them to an audit engagement he or she will be more effective in today's dynamic audit environment. The new edition even includes a full advanced module on Professional Judgment.

Hardcover: 848 pages

Publisher: McGraw-Hill Education; 11 edition (October 19 2018)

Language: English

ISBN-10: 1259969444

ISBN-13: 978-1259969447

Product Dimensions: 9 x 2 x 11 inches

Shipping Weight: 3.9 pounds