Test Bank for Auditing: The Art and Science of Assurance Engagements, Fourteenth Canadian Edition Plus MyLab Accounting with Pearson eText — Package, 14th Edition digital download immediately after payment is complete.

Product details:

• ISBN-10 ‏ : ‎ 0132791560
• ISBN-13 ‏ : ‎ 978-0132791564
• Author: Alvin A. Arens

As the world shifts to a greater reliance on digital media, it is appropriate that this text evolves as well. This fifteenth edition is the first fully digital version of Auditing and Assurance Services. Instructors and students will find that, although the medium has changed, the content is fully consistent with prior editions. This ISBN is for the Pearson eText and may not include any media, website access codes, or print supplement. Auditing: The Art and Science of Assurance Engagements is an introduction to auditing and assurance services. It is intended for use in an introductory auditing course, for one-semester or two-semester instruction at the undergraduate or graduate level. The book’s primary emphasis is on the auditor’s decision-making process in a financial statement audit and, to a lesser degree, other types of audits and assurance engagements.

Table Of Contents:

1. Chapter 1 The Demand for Audit and Other Assurance Services
2. Introduction
3. What are Assurance Engagements?
4. What is Auditing?
5. Report
6. Why are Audits and Other Assurance Engagements Needed?
7. Reducing Information Risk
8. Common Types of Assurance Engagements
9. Types of Auditors
10. Accounting vs. Auditing
11. Assurance and Nonassurance Services Offered by Public Accountants
12. Nonassurance Services Offered by Public Accounting Firms
13. Summary
14. Review Questions
15. Multiple Choice Questions
16. Discussion Questions and Problems
17. Professional Judgment Problems and Cases
18. Applying Your Professional Judgment to Hillsburg Hardware
19. Chapter 2 The Public Accounting Profession and Audit Quality
20. Introduction
21. An Overview of the Canadian Public Accounting Industry
22. Public Accounting Firms
23. Structure of Public Accounting Firms
24. Requirements to be a Public Accountant
25. Organizations Affecting the Canadian Public Accounting Profession
26. Provincial CPA Organizations
27. Public Company Accounting Oversight Board (PCAOB)
28. Provincial Securities Commissions
29. CPA Canada Assurance Standards
30. Principles Underlying the Financial Statement Audit
31. Personal Responsibilities
32. Performance Responsibilities
33. Reporting Responsibilities
34. The Drivers of Audit Quality
35. Quality Control
36. Summary
37. Review Questions
38. Multiple Choice Questions
39. Discussion Questions and Problems
40. Professional Judgment Problems and Cases
41. Applying Your Professional Judgment at Hillsburg
42. Chapter 3 Professional Ethics and Legal Liability
43. Introduction
44. Professional Ethics and Public Accountants
45. A Framework for Ethical Reasoning
46. Obtain Relevant Facts and Identify the Ethical Issues
47. Consider and Evaluate Courses of Action
48. Ethical Blind Spots
49. Professional Guidance on Ethical Conduct
50. Public Protection
51. Professional Colleagues
52. The Independence Standard for Assurance Engagements
53. Identify Threats
54. Evaluate the Significance of the Threat
55. Enforcement of the Code of Professional Conduct
56. The Expectations Gap
57. Reducing the Expectations Gap
58. Audit Failure and Audit Liability
59. Major Sources of Auditor Liability
60. How Public Accountants Can Minimize Litigation Risk
61. Summary
62. Review Questions
63. Multiple Choice Questions
64. Discussion Questions and Problems
65. Professional Judgment Problems and Cases
66. Applying Your Professional Judgment to Hillsburg Hardware
67. Chapter 4 Audit Responsibilities and Objectives
68. Introduction
69. Management’s Responsibilities
70. Responsibilities of those Charged with Governance
71. Auditor’s Responsibilities
72. Auditors’ Responsibilities for Detecting Material Misstatements
73. Auditor’s Responsibility for Related-Party Relationships and Transactions
74. Auditor’s Responsibility to Consider Laws and Regulations
75. Auditors’ Responsibility to Evaluate Going Concern
76. Framework for Professional Judgment
77. Professional Skepticism
78. Financial Statement Cycles
79. Cycle Approach to Segmenting an Audit
80. Relationships Among Cycles
81. Gather Sufficient and Appropriate Evidence
82. Management Assertions
83. Assertions About Classes of Transactions and Events
84. Assertions About Account Balances
85. An Overview of the Audit Process
86. Client Acceptance
87. Assess Risk of Material Misstatement
88. Perform Risk Responses
89. Summary
90. Review Questions
91. Multiple Choice Questions
92. Discussion Questions and Problems
93. Professional Judgment Problems and Cases
94. Applying Your Professional Judgment to Hillsburg
95. Chapter 5 Audit Evidence
96. Introduction
97. Nature of Audit Evidence
98. Audit Evidence Decisions
99. Persuasiveness of Evidence
100. Sufficiency
101. Combined Effect
102. Types of Audit Procedures
103. General Categories
104. Inspection
105. External Confirmation
106. Analytical Procedures
107. Use of Automated Tools and Techniques
108. Appropriateness of Types of Procedures
109. Cost of Types of Evidence
110. Terms Used in Audit Procedures
111. Design Analytical Procedures
112. Compare Client and Industry Data
113. Compare Client Data with Similar Prior-Period Data
114. Compare Client Data With Client-Determined Expected Results
115. Compare Client Data With Auditor-Determined Expected Results
116. Precision of the Analytical Procedures
117. Use of Audit Data Analytics and Advanced Technologies
118. Planning, Performing, and Drawing Conclusions from ADAs
119. Advanced Technologies
120. Challenges for Auditors
121. Documentation
122. Contents and Organization
123. Preparation of Working Papers
124. Ownership of Working Papers
125. Professional Skepticism, Evidence, and Documentation
126. Appendix 5A: Common Financial Ratios
127. Summary
128. Review Questions
129. Multiple Choice Questions and Task-Based Simulations
130. Discussion Questions and Problems
131. Professional Judgment Problems and Cases
132. Applying Your Professional Judgment to Hillsburg Hardware
133. Chapter 6 Client Acceptance, Preliminary Planning, and Materiality
134. Introduction
135. Planning for What Can Go Wrong

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