To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com
Solutions Manual
Auditing and
Assurance Services
Fourteenth Edition
Alvin A. Arens
Randal J. Elder
Mark S. Beasley
Prentice Hall
Boston Columbus Indianapolis New York San Francisco Upper Saddle River
Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto
Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo
,To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com
This work is protected by United States copyright laws and is provided
solely for the use of instructors in teaching their courses and assessing
student learning. Dissemination or sale of any part of this work (including
on the World Wide Web) will destroy the integrity of the work and is not
permitted. The work and materials from it should never be made available
to students except by instructors using the accompanying text in their
classes. All recipients of this work are expected to abide by these
restrictions and to honor the intended pedagogical purposes and the needs
of other instructors who rely on these materials.
VP, Editorial Director: Sally Yagan
Executive Editor: Stephanie Wall
Editorial Project Manager: Christina Rumbaugh
Production Project Manager: Carol O’Rourke
Senior Operations Specialist: Diane Peirano
Printer/Binder: Offset Paperback Manufacturers
Copyright © 2012, 2010, 2008, 2006, 2005 Pearson Education, Inc., publishing as
Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights
reserved. Manufactured in the United States of America. This publication is protected by
Copyright, and permission should be obtained from the publisher prior to any prohibited
reproduction, storage in a retrieval system, or transmission in any form or by any means,
electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to
use material from this work, please submit a written request to Pearson Education, Inc.,
Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458.
Many of the designations by manufacturers and seller to distinguish their products are
claimed as trademarks. Where those designations appear in this book, and the publisher
was aware of a trademark claim, the designations have been printed in initial caps or all
caps.
10 9 8 7 6 5 4 3 2 1
ISBN-13: 978-0-13-257607-9
ISBN-10: 0-13-257607-4
,To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com
CONTENTS
I. THE AUDITING PROFESSION
1 The Demand for Audit and Other Assurance Services ................. 1-1
2 The CPA Profession......................................................... 2-1
3 Audit Reports................................................................. 3-1
4 Professional Ethics .......................................................... 4-1
5 Legal Liability................................................................. 5-1
II. THE AUDIT PROCESS
6 Audit Responsibilities and Objectives..................................... 6-1
7 Audit Evidence ............................................................... 7-1
8 Audit Planning and Analytical Procedures................................ 8-1
9 Materiality and Risk ......................................................... 9-1
10 Section 404 Audits of Internal Control and Control Risk................ 10-1
11 Fraud Auditing ............................................................... 11-1
12 The Impact of Information Technology on the Audit Process .......... 12-1
13 Overall Audit Plan and Audit Program .................................... 13-1
III. 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 ................................... 14-1
15 Auditing Sampling for Tests of Controls
and Substantive Tests of Transactions ................................... 15-1
16 Completing the Tests in the Sales and Collection Cycle:
Accounts Receivable ........................................................ 16-1
17 Audit Sampling for Tests of Details of Balances ......................... 17-1
IV. 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 ...................................................... 18-1
19 Completing the Tests in the Acquisition and Payment Cycle:
Verification of Selected Accounts.......................................... 19-1
20 Audit of the Payroll and Personnel Cycle................................. 20-1
21 Audit of the Inventory and Warehousing Cycle .......................... 21-1
22 Audit of the Capital Acquisition and Repayment Cycle ................. 22-1
23 Audit of Cash Balances ..................................................... 23-1
V. COMPLETING THE AUDIT
24 Completing the Audit ........................................................ 24-1
VI. OTHER ASSURANCE AND NONASSURANCE SERVICES
25 Other Assurance Services.................................................. 25-1
26 Internal and Governmental Financial Auditing
and Operational Auditing ................................................... 26-1
, To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com
Solutions Manual
Auditing and
Assurance Services
Fourteenth Edition
Alvin A. Arens
Randal J. Elder
Mark S. Beasley
Prentice Hall
Boston Columbus Indianapolis New York San Francisco Upper Saddle River
Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto
Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo
,To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com
This work is protected by United States copyright laws and is provided
solely for the use of instructors in teaching their courses and assessing
student learning. Dissemination or sale of any part of this work (including
on the World Wide Web) will destroy the integrity of the work and is not
permitted. The work and materials from it should never be made available
to students except by instructors using the accompanying text in their
classes. All recipients of this work are expected to abide by these
restrictions and to honor the intended pedagogical purposes and the needs
of other instructors who rely on these materials.
VP, Editorial Director: Sally Yagan
Executive Editor: Stephanie Wall
Editorial Project Manager: Christina Rumbaugh
Production Project Manager: Carol O’Rourke
Senior Operations Specialist: Diane Peirano
Printer/Binder: Offset Paperback Manufacturers
Copyright © 2012, 2010, 2008, 2006, 2005 Pearson Education, Inc., publishing as
Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights
reserved. Manufactured in the United States of America. This publication is protected by
Copyright, and permission should be obtained from the publisher prior to any prohibited
reproduction, storage in a retrieval system, or transmission in any form or by any means,
electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to
use material from this work, please submit a written request to Pearson Education, Inc.,
Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458.
Many of the designations by manufacturers and seller to distinguish their products are
claimed as trademarks. Where those designations appear in this book, and the publisher
was aware of a trademark claim, the designations have been printed in initial caps or all
caps.
10 9 8 7 6 5 4 3 2 1
ISBN-13: 978-0-13-257607-9
ISBN-10: 0-13-257607-4
,To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com
CONTENTS
I. THE AUDITING PROFESSION
1 The Demand for Audit and Other Assurance Services ................. 1-1
2 The CPA Profession......................................................... 2-1
3 Audit Reports................................................................. 3-1
4 Professional Ethics .......................................................... 4-1
5 Legal Liability................................................................. 5-1
II. THE AUDIT PROCESS
6 Audit Responsibilities and Objectives..................................... 6-1
7 Audit Evidence ............................................................... 7-1
8 Audit Planning and Analytical Procedures................................ 8-1
9 Materiality and Risk ......................................................... 9-1
10 Section 404 Audits of Internal Control and Control Risk................ 10-1
11 Fraud Auditing ............................................................... 11-1
12 The Impact of Information Technology on the Audit Process .......... 12-1
13 Overall Audit Plan and Audit Program .................................... 13-1
III. 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 ................................... 14-1
15 Auditing Sampling for Tests of Controls
and Substantive Tests of Transactions ................................... 15-1
16 Completing the Tests in the Sales and Collection Cycle:
Accounts Receivable ........................................................ 16-1
17 Audit Sampling for Tests of Details of Balances ......................... 17-1
IV. 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 ...................................................... 18-1
19 Completing the Tests in the Acquisition and Payment Cycle:
Verification of Selected Accounts.......................................... 19-1
20 Audit of the Payroll and Personnel Cycle................................. 20-1
21 Audit of the Inventory and Warehousing Cycle .......................... 21-1
22 Audit of the Capital Acquisition and Repayment Cycle ................. 22-1
23 Audit of Cash Balances ..................................................... 23-1
V. COMPLETING THE AUDIT
24 Completing the Audit ........................................................ 24-1
VI. OTHER ASSURANCE AND NONASSURANCE SERVICES
25 Other Assurance Services.................................................. 25-1
26 Internal and Governmental Financial Auditing
and Operational Auditing ................................................... 26-1
, To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com
