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.
Table of Contents
PART I: THE AUDITING ENVIRONMENT-WHAT CAN THE PUBLIC EXPECT FROM AUDITORS
1. Auditing and the Public Accounting Profession - Integrity of Financial Reporting
2. Auditor Responsibilities and Reports
3. Professional Ethics
4. Auditor's Legal Liability
PART II: THE DECISION MAKING OF AUDIT PLANNING
5. Overview of the Financial Statement Audit
6. Audit Evidence
7. Accepting the Engagement and Planning the Audit
8. Materiality Decisions and Performing Analytical Procedures
9. Audit Risk: Including the Risk of Fraud
10. Understanding Internal Control
PART III: THE DECISION MAKING OF COLLECTING AND EVALUATING EVIDENCE
11. Audit Procedures in Response to Assessed Risks: Tests of Controls
12. Audit Procedures in Response to Assessed Risks: Substantive Tests
13. Audit Sampling
PART IV: AUDITING THE TRANSACTION CYCLES AND COMPLETING THE AUDIT
14. Auditing the Revenue Cycle
15. Auditing the Expenditure Cycle
16. Auditing the Production and Personnel Services Cycles
17. Auditing the Investing and Financing Cycles
18. Auditing Investments and Cash Balances
19. Completing the Audit / Post Audit Responsibilities
PART V: OTHER ATTEST AND ASSURANCE SERVICES
20. Attest and Assurance Services and Related Reports
21. Internal, Operation and Governmental Auditing
