Contemporary AuditingContemporary Auditing

and work environment of independent auditors. Cases in this section examine those sensitive but important topics in the context of independent auditing. The Elizabeth Wallace case, for example, documents how prescription drug abuse can ...

Author: Michael C. Knapp

Publisher: Cengage Learning

ISBN: 9781305445161


Page: 592

View: 273

The tenth edition of Knapp's CONTEMPORARY AUDITING utilizes real-world cases to highlight the work environment of auditors. Using real-world examples and pointing out potential red flags, these cases help students to identify audit problem areas. Knapp's CONTEMPORARY AUDITING contains the most recent, compelling, and up-to-date examples. Those cases most widely used by adopters have been retained: Enron Corporation, Golden Bear Golf, Hopkins v. Price Waterhouse, Lehman Brothers, Leigh Ann Walker, Madoff Securities, The Trolley Dodgers, and ZZZZ Best Company. Many of the returning cases have been updated to include relevant circumstances and events that have occurred since the publication of the previous edition. This edition features 18 new cases. Three of them are comprehensive cases: AA Capital Partners, DHB Industries, and Navistar International Corporation. New cases in the Audits of High-Risk Accounts section include LocatePlus Holdings Corporation, Powder River Petroleum International, and Take-Two Interactive Software. The sections of the book that focus on ethical issues have three new cases: Accuhealth, Dell, and Wichita Falls. Section 5, Ethical Responsibilities of Independent Auditors, has new cases on IPOC International Growth Fund, Richard Grimes, Staff Accountant, and Ryden Trucking. The final new case is an international case, Longtop Financial Technologies Limited. The tenth edition fully integrates all recent risk assessment standards recently adopted by the auditing community. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Contemporary AuditingContemporary Auditing

This edition discusses and dissects challenging circumstances that arise in audits to prepare you to handle problematic situations in your own career.

Author: Michael C. Knapp

Publisher: Cengage Learning

ISBN: 9780357515440


Page: 592

View: 209

Prepare for the challenging responsibilities in public accounting today as Knapp’s CONTEMPORARY AUDITING, 12E exposes you to a variety of high-risk audits. Numerous high-profile and current cases teach you to recognize red flags common in accounting fraud, including missing documents, porous or nonexistent internal controls and implausible relationships between key financial statement items and financial data that are literally too good to be true. You also examine the most common causes of failures in independent audits: client personnel who intentionally subvert an audit or auditors who fail to follow professional responsibilities. This edition discusses and dissects challenging circumstances that arise in audits to prepare you to handle problematic situations in your own career. You acquire an understanding of auditing standards, audit procedures and ethical principles related to independent auditing that can translate to improved performance on the CPA exam and even career success. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Contemporary AuditingContemporary Auditing

Ethical Responsibilities of Auditors and Accountants Integrating ethics into an auditing course requires much ... West Publishing Company is including Contemporary Auditing : Issues and Cases in its custom publishing program , Westext .

Author: Michael Chris Knapp

Publisher: South Western Educational Publishing

ISBN: PSU:000031135627


Page: 340

View: 866

Designed as a primary book for advanced auditing courses or a supplement to the second course in auditing. This comprehensive casebook consists of 42 cases of various lengths that introduce students to major auditing issues. All cases are real and re-written by the author. A customizing option allows instructors to select at least four cases from the comprehensive volume to build a personalized casebook to supplement a more traditional text.

Auditing Theory and PracticeAuditing Theory and Practice

Functions of the Auditor The propriety audit is undertaken in some way or the other in the various Government departments . It is the prime concern of the Comptroller and ... Kamal Gupta , Contemporary Auditing , 1977 , p . 334 . 4.

Author: Arun Kumar

Publisher: Atlantic Publishers & Dist

ISBN: 8171567207


Page: 640

View: 466

This Book Covers Syllabi On Auditing, As Prescribed By Indian Universities And Institutes Of Commerce And Management. The Authors Have Tried Their Best To Cover Every Single Topic, Leaving None But At The Same Time Avoiding Unnecessary Details. While The Subject Matter Of The Book Has Been Gathered From Authentic Text Books, Reports And Journals, It Has Been Explained Through Examples Drawn From The Actual Business World. Cases With Court Decisions Have Been Cited Wherever Necessary. Regulations And Laws Have Been Authentically Reproduced From Original Sources. Language Of Narration Has Been Kept As Much Free From Technical Jargon As Possible. Thus The Authors Have Tried Their Best To Present An Ideal Textbook For The Students And A Reference Book For All Those Who Are Concerned With Auditing, The Teachers, The Company Secretary, The Chartered Accountant And Last But Not The Least, The Entrepreneur Himself.

Modern AuditingModern Auditing

Chapter 1 provides an introduction to contemporary auditing and assurance services, describes the organizations associated with the public accounting profession, and ends with a discussion of the regulatory framework that ensures ...

Author: William C. Boynton

Publisher: John Wiley & Sons

ISBN: 9780471230113


Page: 1056

View: 626

Auditing counts! With recent incidents at WorldCom, Enron, Xerox, Tyco, and other companies, auditing has never been so important. Auditing is perhaps our single best defense in ensuring the integrity of our financial reporting system. That's why this new Eighth Edition of Boynton and Johnson's Modern Auditing focuses on decision making and the critical role auditors play in providing assurance about the integrity of the financial reporting system. Known for its clear writing and accessibility, this text provides comprehensive and integrated coverage of current developments in the environment, standards, and methodology of auditing. Features * Real-world examples relate issues discussed in the chapter to ethics, audit decision making, and the integrity of the financial reporting system. * Focus on Audit Decisions sections highlight key factors that influence an auditor's decisions. * Includes discussion of the role of the Public Company Accounting Oversight Board (PCAOB) Auditing Standards, and a chapter feature highlights PCAOB standards that differ from Generally Accepted Auditing Standards for private companies. * Expanded case material related to the integrated audit case (Mt. Hood Furniture) provides a variety of databases that allow students to utilize generalized audit software (IDEA) to accomplish various audit tasks. Multiple databases allow the case to be reused with different data from term to term. * A flowchart style chapter preview begins each chapter. * Chapter summaries reinforce important audit decisions included in the chapter. * End-of-chapter material organized by audit decisions provides a clear link between audit decisions discussed in each chapter and the problem material.

Auditing Ecosystem and Strategic Accounting in the Digital EraAuditing Ecosystem and Strategic Accounting in the Digital Era

This volume also emphasizes on different aspects of contemporary auditing ecosystem and strategic accounting architecture from classical to traditional approaches. It accentuates the importance of contemporary strategic approaches to ...

Author: Tamer Aksoy

Publisher: Springer Nature

ISBN: 9783030726287


Page: 436

View: 118

This book examines current topics and trends in strategic auditing, accounting and finance in digital transformation both from a theoretical and practical perspective. It covers areas such as internal control, corporate governance, enterprise risk management, sustainability and competition. The contributors of this volume emphasize how strategic approaches in this area help companies in achieving targets. The contributions illustrate how by providing good governance, reliable financial reporting, and accountability, businesses can win a competitive advantage. It further discusses how new technological developments like artificial intelligence (AI), cybersystems, network technologies, financial mobility and smart applications, will shape the future of accounting and auditing for firms.​

Limitation of Balance SheetLimitation of Balance Sheet

Op . cit . , Dr Basu , ' An insight into auditing ' , p . 25.1 . 24. Ibid . 25. Accounting and Business Research , Vol . ... Gupta , ' Contemporary Auditing ' . 29. Fitzgerald , ' Analysis and Interpretation of Financial Statement ' p .

Author: A.N. Mukhopadhyay

Publisher: Northern Book Centre

ISBN: 8172110227


Page: 204

View: 687

Though Balance Sheet is supposed to exhibit true and fair exposure of a business or enterprise, but due to certain limitations in following the rigidity in accounting principle and ignoring the socio-economic changes, its very objective is defeated. In this book, the author has not only highlighted the limitation but also proposed a new model of Balance Sheet in consideration of the impact of non-financial elements and price level changes in accounting. The book contains ten Chapters. Chapter 1 deals with the object, area and scope of the study. Chapter 2 speaks of the definition and history of balance sheet. Valuation of assets and liabilities is dealt with in chapter 3. Human element being an important ingredient in running as well as earning of a business is incorporated in accounting in Chapter 4. Money value and real value concept is dealt with in Chapter 5. The dupe concept of `true and fair' is presented in Chapter 6. The conflict between tax rule and accounting principle and their impact on balance sheet is explained in Chapter 7. Impossibility of correct interpretation of balance sheet for its inherent limitation is discussed in Chapter 8. Non-financial elements which play vital role in business are dealt with in Chapter 9. In Chapter 10, efforts are made to design a New Model of Balance Sheet by wiping out the shadow of limitation to a great extent.