Auditing & Assurance Services: A Systematic Approach
3rd Edition
Published on 16. June 2002
Book
Hardback
832 pages
978-0-07-247877-8 (ISBN)
Description
The third edition of Messier employs the new audit approaches currently being used by auditing professionals, and soon to be adopted by the Auditing Standards Board. This approach places emphasis on understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This new audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach facilitates student development of auditor judgment, a vital skill in today's auditing environment.
More details
Edition
3rd edition
Language
English
Place of publication
New York
United States
Publishing group
McGraw-Hill Education - Europe
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 262 mm
Width: 211 mm
Thickness: 38 mm
Weight
1724 gr
ISBN-13
978-0-07-247877-8 (9780072478778)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Professor William F. Messier, Jr., is the Deloitte & Touche Professor at the School of Accountancy, Georgia State University. He holds a Professor II position at the Institute for Accounting and Auditing, Norwegian School of Economics and Business Administration, and he is a visiting professor at SDA Bocconi in Milan, Italy. Professor Messier has a BBA from Siena College, an MS from Clarkson University, and an MBA and DBA from Indiana University. He is a CPA in Florida and has taught at the Universities of Florida and Michigan.Professor Messier has served as the Chairperson of the Auditing Section of the American Accounting Association and as co-editor of the Journal of Accounting Literature. He currently serves on the AICPA's International Auditing Standards Subcommittee. Professor Messier has authored or co-authored over 45 articles in accounting, decision science, and computer science journals.
Content
Part One: Introduction to Auditing and Assurance Services 1.An Introduction to Auditing and Assurance Services 2.The Public Accounting Profession and the Audit Process Part Two: Basic Auditing Concepts: Materiality, Audit Risk, and Evidence 3.Materiality and Audit Risk 4.Evidential Matter, Types of Evidence, and Working Paper Documentation Part Three: Planning the Audit and Understanding Internal Control 5.Audit Planning and Types of Audit Tests 6.Internal Control in a Financial Statement Audit 7.The Effects of Information Technology on the Audit Function Part Four: Statistical Tools for Auditing 8.Audit Sampling: An Overview and Application to Tests of Controls 9.Audit Sampling: An Application to Substantive Tests of Account Balances Part Five: Auditing Accounting Applications and Related Accounts 10. Auditing the Revenue Cycle and Related Accounts 11. Auditing the Purchasing Cycle and Related Accounts 12. Auditing the Payroll Cycle and Related Accounts 13. Auditing the Inventory Cycle and Related Accounts 14. Auditing Selected Asset Accounts: Prepaid Expenses and Property, Plant, and Equipment 15. Auditing Long-Term Liabilities, Stockholders' Equity, and Income Statement Accounts 16. Auditing Cash and Investments Part Six: Completing the Audit and Reporting Responsibilities 17. Completing the Engagement 18. Reports on Audited Financial Statements and Special Reporting Issues Part Seven: Professional Responsibilities and Other Forms of Services 19. The Code of Professional Conduct and Quality Control Standards 20. Legal Liability 21. Attestation Engagements and Other Accounting Services