Auditing and Assurance Services: A Systematic Approach with ACL CD and OLC Card
Auditing and Assurance Services: A Systematic Approach with ACL CD and OLC Card by William F. Messier, Steven M. Glover, Douglas F. Prawitt
Auditing and Assurance Services: A Systematic Approach with ACL CD and OLC Card Author: William F. Messier, Steven M. Glover, Douglas F. Prawitt
Title: Auditing and Assurance Services: A Systematic Approach with ACL CD and OLC Card
ISBN: 0071117474
ISBN13: 978-0071117470
Other Formats: mobi lrf docx rtf
Pages: -
Publisher: McGraw Hill Higher Education; 4th edition (February 1, 2005)
Language: English
Category: Business & Money
Size PDF version: 1806 kb
Size EPUB version: 1637 kb
Subcategory: Accounting




Messier employs the new audit approach currently being used by auditing professionals. This new approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The new auditing approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This new audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in today's auditing environment.