You have no items in your shopping cart.

Assessing and Responding to Audit Risk in a Financial Statement Audit, October 2016

Assessing and Responding to Audit Risk in a Financial Statement Audit, October 2016

  • Author:
  • Publisher: John Wiley & Sons
  • ISBN: 9781945498169
  • Published In: February 2018
  • Format: Paperback , 592 pages
  • Jurisdiction: U.S. ? Disclaimer:
    Countri(es) stated herein are used as reference only

List Price: HKD 990.00

HKD 960.30 Save HKD 29.70 (3%)

Delivery Time: around 4-5 weeks
Extra 2-10 working days if shipping address outside Hong Kong
Free delivery Hong Kong?
Hong Kong: free delivery (order over HKD 1000)
OR
  • Description 
  • Contents 
  • Details

    Assessing and Responding to Audit Risk in a Financial Statement Audit is the definitive source for guidance on applying the core principles of the risk-based audit methodology that must be used on all financial statement audits. This guide is written in an easy-to-understand style that allows auditors of all experience levels find answers to the issues they encounter in the field. Unique insights, examples, and a comprehensive case study clarify critical concepts and requirements.

  • Part I Authoritative and Nonauthoritative Guidance on the Auditor’s Risk Assessment in a Financial Statement Audit

    1 Overview of Applying the Audit Risk Standards .01-.42

    2 Key Concepts Underlying the Auditor’s Risk Assessment Process .01-.122

    3 Planning and Performing Risk Assessment Procedures .01-.147

    4 Understanding the Client, Its Environment, and Its Internal Control .01-.89

    5 Risk Assessment and the Design of Further Audit Procedures .01-.76

    6 Performing Further Audit Procedures .01-.125

    7 Evaluating Audit Findings, Audit Evidence, and Deficiencies in Internal Control .01-.79

    Part II Additional Resources

    Appendix

    A Considerations in Establishing the Overall Audit Strategy

    B Understanding the Entity and Its Environment

    C Internal Control Components

    D Exhibit—Management Antifraud Programs and Controls

    E Illustrative Financial Statement Assertions and Examples of Substantive Procedures Illustrations for Inventories of a Manufacturing Company

    F Consideration of Prior Year Uncorrected Misstatements

    G Assessing the Severity of Identified Deficiencies in Internal Control

    H Examples of Circumstances That May Be Deficiencies, Significant Deficiencies, or Material Weaknesses

    I Suggestions for Conducting Inquiries

    J Matters to Consider in Determining Performance Materiality

    Part III Illustrative Audit Documentation Case Study

    Appendix

    K Illustrative Audit Documentation Case Study: Young Fashions, Inc.

    K-1 Young Fashions: Understanding of Entity and Its Environment

    K-2 Young Fashions: Evaluation of Entity-Level Controls

    K-3 Young Fashions: Understanding of Internal Control—IT General Controls

    K-4 Young Fashions: Evaluation of Activity-Level Controls—Wholesale Sales

    K-5 Young Fashions: Assessing Risks of Material Misstatement and Linkage to Further Audit Procedures

    K-6 Young Fashions: Evaluation of Uncorrected Misstatements and Assessment of Control Deficiencies

    L The Effect of Group Audits on Planning and Determining Materiality

    M Overview of Statements on Quality Control Standards

    N Schedule of Changes Made to the Text From the Previous Edition

    Index of Pronouncements and Other Technical Guidance

    Subject Index

You may also be interested in these books: