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Wiley CPAexcel Exam Review 2019 Focus Notes: Auditing and Attestation

Spiral-bound paperback

$75.00

Wiley CPAexcel Exam Review 2019 Focus Notes: Auditing and Attestation

Wiley

ISBN: 978-1-119-51899-0 November 2018 288 Pages

Spiral-bound paperback
$75.00
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Description

Reinforce key concepts for the AUD section of the CPA Exam with the easy-to-read and carry spiral-bound Wiley CPAexcel Exam Review 2019 Focus Notes: Auditing and Attestation. Learn acronyms and mnemonic devices to help you remember accounting rules, checklists and more.

Let the Wiley CPAexcel Exam Review 2019 Focus Notes: Auditing and Attestation help you memorize formulas, concepts, acronyms and more.

  • Updated for the 2019 CPA Exam
  • Drill yourself on key steps in performing needed financial calculations or tasks
  • Learn important strategies for taking the exam more quickly and accurately
  • Solve exam questions and reinforce material being studied with a simplified, focused approach
  • Memorize a variety of rules and checklists with our acronyms and mnemonics
  • Available in an easy-to-carry, spiral bound print format

Preface xi

Professional Responsibilities 1

Financial Statements, an Audit, and Audited Financial Statements 1

Code of Professional Conduct 5

Conceptual Frameworks 8

Independence Rule 11

Integrity and Objectivity—Members in Business 19

Responsibilities to Clients 20

Other Responsibilities and Practices 21

Quality Control 22

Tax Preparer 23

Standards for Consulting Services 24

GAO—GAGAS Ethical Principles 25

Department of Labor Independence Requirements for Employee Benefit Plans 26

Assessing Risk and Developing a Planned Response 27

Financial Statement Assertions 27

Audit Risk (AR) 28

Relationship of Control Risk to Tests of Controls, Detection Risk, and Substantive Procedures 75

Further Reducing the Assessed Level of Control Risk 76

Documentation of Internal Control 77

Accounting Cycles 79

Other Considerations 88

Performing Further Procedures and Obtaining Evidence 93

Sufficient Appropriate Audit Evidence 93

Basic Types of Audit Procedures 97

Issues Related to Substantive Testing 105

Audit Documentation 119

Auditing Specific Accounts 123

Using Management Assertions to Develop Audit Programs 123

Test of Balances Approach versus Test of Transactions Approach 124

Auditing Accounts 127

Audit Sampling 149

Sampling Risk 149

Types of Statistical Sampling 153

Attribute Sampling 154

Variables Sampling 158

Probability Proportional to Size (PPS) Sampling 161

Auditing with Technology 165

Responsibilities in an Information Technology Environment 165

Controls in an IT Environment 166

Auditing through the Computer 167

Testing General Control Activities 168

Testing Application Control Activities 170

Auditing with the Computer 172

Audit Reports 173

Audit Reports 173

Standard Report 174

Group Financial Statement Audit Reports 179

Unmodified Opinion with Emphasis-of-Matter Paragraphs 184

Unmodified Opinions with Other-Matter Paragraphs 194

Other Professional Services 249

Reporting on Internal Control in an Integrated Audit 249

PCAOB Reporting on Whether Material Weaknesses Still Exist 257

Employee Benefit Plans 258

Attestation Engagements—General 259

Attestation Standards 260

Financial Forecasts and Projections 262

Pro Forma Financial Information 265

Management Discussion and Analysis 265

Compliance Attestation Engagements 266

Index 267