Auditing and Assurance Services, 17th Edition Alvin A. Arens

In the world of auditing, having a comprehensive understanding of the entire process is crucial. That’s where “Auditing and Assurance Services” by Alvin A. Arens comes in. This book, in its 17th Edition, provides a detailed look into the world of auditing, examining the process from start to finish.

The primary objective of this book is to illustrate auditing concepts using practical examples and real-world settings. By delving into key audit decisions, readers can learn how to successfully conduct an audit following a financial reporting framework. The latest edition, the 17th Edition, includes the most up-to-date standards and codes to ensure readers are well-prepared for the actual exam.

**Table of Contents:**
– Part 1: The Auditing Profession
1. The Demand for Audit and Other Assurance Services
2. The CPA Profession
3. Audit Reports
4. Professional Ethics
5. Legal Liability
– Part 2: The Audit Process
6. Audit Responsibilities and Objectives
7. Audit Evidence
8. Audit Planning and Materiality
9. Assessing the Risk of Material Misstatement
10. Assessing and Responding to Fraud Risks
11. Internal Control and Coso Framework
12. Assessing Control Risk and Reporting on Internal Controls
13. Overall Audit Strategy and Audit Program
– Part 3: Application of the Audit Process to the Sales and Collection Cycle
14. Audit of the Sales and Collection Cycle: Tests of Controls and Substantive Tests of Transactions
15. Audit Sampling for Tests of Controls and Substantive Tests of Transactions
16. Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
17. Audit Sampling for Tests of Details of Balances
– Part 4: Application of the Audit Process to Other Cycles
18. Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
19. Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts
20. Audit of the Payroll and Personnel Cycle
21. Audit of the Inventory and Warehousing Cycle
22. Audit of the Capital Acquisition and Repayment Cycle
23. Audit of Cash and Financial Instruments
– Part 5: Completing the Audit
24. Completing the Audit
– Part 6: Other Assurance and Non-Assurance Services
25. Other Assurance Services
26. Internal and Governmental Financial Auditing and Operational Auditing

If you are looking to dive deeper into the world of auditing or preparing for an exam, “Auditing and Assurance Services” is a valuable resource that will guide you through the complexities of the audit process.

**FAQs**

**What is included in the 17th Edition of “Auditing and Assurance Services” by Alvin A. Arens?**
The 17th Edition includes the latest standards and codes, along with new sample CPA-style questions to help you prepare for the actual exam.

**How can “Auditing and Assurance Services” help me in conducting an audit?**
This book provides practical examples and real-world scenarios to illustrate auditing concepts, making it easier for readers to understand and apply them in an audit setting.

**Conclusion:**
“Auditing and Assurance Services, 17th Edition” by Alvin A. Arens is a comprehensive guide to the world of auditing, offering insights into the audit process from start to finish. With practical examples and the latest standards, this book is a valuable resource for those looking to deepen their understanding of auditing concepts.

If you are a student or professional in the field of auditing, this book is a must-have for your library.