| Description |
viii, 232 pages : illustrations ; 24 cm |
| Contents |
1. A Wake-Up Call for all Auditors -- 2. Risk-Based Auditing: Savior or Villain? -- 3. The Risk of "Cooking the Books" -- 4. Other Risks and Considerations -- 5. The Many Benefits of Analytical Procedures -- 6. Common Pitfalls of Analytical Procedures -- 7. An Easy Approach to Implementing Analytical Procedures -- 8. Internal Control: The Misunderstood Child -- 9. To Test or Not to Test -- 10. Talkin' to the Client -- 11. Data Extraction Software -- 12. Action Steps |
| Summary |
"Why and How Audits Must Change: Practical Guidance to Improve Your Audits describes the essential steps that accounting firms must take to improve audit quality. The author provides detailed coverage of important topics such as risk-based auditing techniques, analytical procedures, technology, and internal controls. After explaining why frequently used audit approaches are inadequate for detecting material fraud, the author: provides specific and practical guidance to help auditors conduct higher quality audits; offers guidance to financial executives on ways to evaluate their independent audits; and describes the steps that accounting firms must take to implement these much-needed changes." |
|
"Utilizing a wealth of practical examples and case studies, the author shows today's auditors and accounting firms how to significantly improve the overall quality of their audit engagements. He also makes a convincing case that auditing can be rewarding, exciting, and profitable. Since the techniques outlined are also applicable to government agencies and international organizations, the text will also be of significant value to auditors working in governmental and global arenas. And in today's shaky economic climate, this book is an important resource for executives and senior management who want to take a more proactive role in ensuring the accuracy of their companies' financial statements."--BOOK JACKET |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Management audit.
|
|
Auditing.
|
|
Auditing, Analytical review.
|
| LC no. |
2003001703 |
| ISBN |
0471444294 CLOTH |
|
