Auditing The Art and Science of Assurance Engagements Canadian Twelfth Edition 12th Edition by Arens sm

Contents

Course Approach Suggestions …………………………………………………………… iv One-Quarter Schedule ……………………………………………………………….. iv One-Semester Schedule………………………………………………………………v One-Quarter Assignment Schedule ……………………………………………… vi One-Semester Assignment Schedule …………………………………………..viii

Chapter Opening Vignettes—Lessons from Practice………………………………. ix Suggested Term Projects …………………………………………………………………… ix Selected Bibliography ………………………………………………………………………. xvi Website References …………………………………………………………………………xvii

Chapters

1. 1  The demand for an auditing and assurance profession …………………….1
2. 2  The public accounting profession…………………………………………………..6
3. 3  Professional relationships: The role of ethics and independence………12
4. 4  Legal liability……………………………………………………………………………..18
5. 5  Audit responsibilities and objectives……………………………………………..25
6. 6  Client risk profile and documentation ……………………………………………29
7. 7  Materiality and risk …………………………………………………………………….33
8. 8  Audit evidence…………………………………………………………………………..37
9. 9  Internal controls and control risk ………………………………………………….43
10. 10  Audit strategy and audit program …………………………………………………50
11. 11  Audit sampling concepts …………………………………………………………….54
12. 12  Audit of the sales and collection cycle: Tests of controls …………………58
13. 13  Completing the tests in the sales and collection cycle: Accounts receivable…………………………………………………………………………………63
14. 14  Audit of cash balances ……………………………………………………………….67 Copyright © 2013 Pearson Canada Inc.

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15. 15  Audit of the human resources and payroll cycle……………………………..70
16. 16  Audit of the acquisition and payment cycle……………………………………73
17. 17  Audit of the inventory and distribution cycle …………………………………..78
18. 18  Audit of the capital acquisition and repayment cycle……………………….82
19. 19  Completing the audit ………………………………………………………………….85
20. 20  Auditor reporting………………………………………………………………………..89
21. 21  Assurance services: Review and compilation engagements…………….93