Auditing For Dummies
Auditing For Dummies
ISBN: 978-0-470-87757-9 June 2010 384 Pages
Want to be an auditor and need to hone your investigating skills? Look no further. This friendly guide gives you an easy-to-understand explanation of auditing — from gathering financial statements and accounting information to analyzing a client's financial position. Packed with examples, it gives you everything you need to ace an auditing course and begin a career today.
- Auditing 101 — get a crash course in the world of auditing and a description of the types of tasks you'll be expected to perform during a typical day on the job
- It's risky business — find out about audit risk and arm yourself with the know-how to collect the right type of evidence to support your decisions
- Auditing in the real world — dig into tons of sample business records to perform your first audit
- Focus on finances — learn how both ends of the financial equation — balance sheet and income statement — need to be presented on your client's financial statements
- Seal the deal — get the lowdown on how to wrap up your audit and write your opinion
- After the audit — see the types of additional services that may be asked of you after you've issued your professional opinion
Table of contents
Part I: Getting an Auditing Initiation.
Chapter 1: Taking Auditing into Account.
Chapter 2: The Role of Auditing in Public Accounting.
Chapter 3: Understanding Professional Standards and Ethics.
Part II: Performing the Initial Auditing Steps.
Chapter 4: Getting Engaged: Preparing to Conduct an Audit.
Chapter 5: Assessing Audit Risk.
Chapter 6: Collecting and Documenting Audit Evidence.
Chapter 7: Auditing a Client's Internal Controls.
Chapter 8: Sampling the Records.
Part III: Auditing How a Client Conducts Business.
Chapter 9: The Revenue Process: Auditing How a Business Makes Money.
Chapter 10: The Purchasing Process: Auditing How a Business Spends Money.
Chapter 11: The Human Resources Process: Auditing Personnel Practices.
Chapter 12: Inventory Management: Auditing How a Business Manages Its Products.
Part IV: Focusing on a Client's Finances.
Chapter 13: Auditing Fixed and Intangible Assets.
Chapter 14: Auditing Long-Term Liabilities and Stockholder Equity.
Chapter 15: Auditing Cash and Investments.
Part V: Completing the Audit.
Chapter 16: Performing Final Due Diligence.
Chapter 17: Wrapping It Up: Issuing the Report.
Chapter 18: The Spectrum of Engagement Services.
Part VI: The Part of Tens.
Chapter 19: Ten Procedures to Obtain Audit Evidence.
Chapter 20: Ten Tips to Stay Educated in Audit Procedures.