| Document Type
|
:
|
BL
|
| Record Number
|
:
|
1034323
|
| Doc. No
|
:
|
b788693
|
| Main Entry
|
:
|
Houck, Thomas P.
|
| Title & Author
|
:
|
Why and how audits must change : : practical guidance to improve your audits /\ Thomas P. Houck.
|
| Publication Statement
|
:
|
Hoboken, N.J. :: Wiley,, ©2003.
|
| Page. NO
|
:
|
1 online resource (viii, 232 pages) :: illustrations
|
| ISBN
|
:
|
0471466409
|
|
|
:
|
: 1280367849
|
|
|
:
|
: 6610367841
|
|
|
:
|
: 9780471466406
|
|
|
:
|
: 9781280367847
|
|
|
:
|
: 9786610367849
|
|
|
:
|
0471444294
|
| Bibliographies/Indexes
|
:
|
Includes bibliographical references and index.
|
| Contents
|
:
|
Cover -- About the Author -- Contents -- Preface -- 1. A WAKE-UP CALL FOR ALL AUDITORS -- "Please, Don't Compare Us to Andersen!" -- Fundamental Change Is Still Needed -- Purpose of This Book -- 2. RISK-BASED AUDITING: SAVIOR OR VILLAIN? -- Why Many Firms Resist Risk-Based Auditing -- Progress Must Be Made -- 3. THE RISK OF "COOKING THE BOOKS" -- General Methods of Cooking the Books -- Why Companies Cook the Books -- How Auditors Should Assess the Risk that a Client Has Cooked the Books -- Tailoring Audit Programs -- 4. OTHER RISKS AND CONSIDERATIONS -- Ask "Anticipation" Questions -- Perform Proactive Research about the Client's Business -- Perform a Diligent Preliminary Analytical Review -- Risk Assessments During Fieldwork -- 5. THE MANY BENEFITS OF ANALYTICAL PROCEDURES -- Quality -- Efficiency -- Client Service -- Staff Morale -- 6. COMMON PITFALLS OF ANALYTICAL PROCEDURES -- Uncorroborated Client Explanations -- Imprecise Explanations -- Lack of Informed Expectations -- Setting Scopes for Variance Analyses -- 7. AN EASY APPROACH TO IMPLEMENTING ANALYTICAL PROCEDURES -- Step One: Think Analytical First -- Step Two: Determine the Proper Strength -- Step Three: Test and Evaluate Results -- Lousy Internal Controls -- Closing Thoughts -- 8. INTERNAL CONTROL: THE MISUNDERSTOOD CHILD -- Types of Controls -- Minimum Audit Requirements -- 9. TO TEST OR NOT TO TEST -- A Four-Step Approach to Testing Controls -- Step One: Evaluate Cost-Benefits -- Step Two: Identify Specific Controls to Test -- Step Three: Select and Perform Control Tests -- Step Four: Arrive at Conclusions -- Conclusion -- 10. TALKIN' TO THE CLIENT -- Who Should Ask the Questions? -- How Reliable Is the Evidence Source? -- Do You Hear What I Hear? -- 11. DATA EXTRACTION SOFTWARE -- Purpose of This Chapter -- Benefits of Data Extraction Software -- Case Study -- How to Proceed -- 12. ACTION STEPS -- Thinkers and Robots -- Three Essential Steps for Transforming Your Firm -- Closing Thoughts.
|
| Abstract
|
:
|
The credibility of independent audits has plummeted. Despite recent legislation designed to improve audit quality in the United States, the conditions that most often lead to ineffective audits have not been addressed. This book provides specific and practical guidance on conducting higher quality audits, covering risk-based auditing, analytical procedures, and CAATs (Computer Assisted Accounting Techniques) such as data extraction software and internal controls.
|
| Subject
|
:
|
Auditing, Analytical review.
|
| Subject
|
:
|
Auditing.
|
| Subject
|
:
|
Auditing, Analytical review.
|
| Subject
|
:
|
Auditing.
|
| Subject
|
:
|
BUSINESS ECONOMICS-- Auditing.
|
| Subject
|
:
|
Auditing, Analytical review.
|
| Subject
|
:
|
Auditing.
|
| Dewey Classification
|
:
|
657/.45
|
| LC Classification
|
:
|
HF5667.H677 2003eb
|
| NLM classification
|
:
|
F239clc
|