📘 Test Bank –
Auditing: A Practical Approach with
Data Analytics, 2nd Edition
Authors: Laura Davis Wiley, Raymond N. Johnson, Robyn Moroney
ISBN: (varies by print & eText versions; 2nd Edition official ISBN-13: 9781119692247)
Coverage: Complete Chapters 1–16
Resource Type: Verified Exam Prep / Test Bank
,Comprehensive Test Bank for Auditing: A Practical Approach with Data Analytics
(2nd Edition, Wiley) | Chapters 1–16 Complete Solution Guide”
Chapter 1 – Introduction and Overview of Audit &
Assurance
Purpose of auditing
Role of auditors in capital markets
Types of assurance services
Chapter 2 – The Audit Process and Risk-Based
Approach
Audit risk model
Materiality and risk assessment
Evidence-based decision-making
Chapter 3 – Professional Ethics and Legal Liability
Code of professional conduct
Independence and objectivity
Legal exposure of auditors
Chapter 4 – Audit Planning
Understanding the client
Analytical procedures in planning
Engagement letters
, Chapter 5 – Internal Control and Corporate
Governance
COSO framework
Management vs. auditor responsibilities
Internal control evaluation
Chapter 6 – Audit Evidence and Documentation
Types of audit evidence
Audit working papers
Reliability and sufficiency
Chapter 7 – Sampling and Data Analytics in Auditing
Audit sampling methods (statistical, non-statistical)
Introduction to data analytics
Use of software in audits
Chapter 8 – Revenue and Cash Receipts Cycle
Key assertions tested
Internal controls over revenue recognition
Substantive audit procedures
Chapter 9 – Expenditure Cycle
Purchases and payments testing
Common risks in the expenditure process
Audit procedures for accounts payable
Chapter 10 – Production and Inventory Cycle
Costing methods and valuation
Internal controls over inventory
Audit procedures for inventory
, Chapter 11 – Human Resources and Payroll Cycle
Payroll fraud risks
Testing payroll transactions
Substantive testing
Chapter 12 – Financing and Investing Cycle
Debt and equity transactions
Audit testing of investments
Financial instruments auditing
Chapter 13 – Completing the Audit
Contingencies and subsequent events
Going concern evaluations
Final analytical review
Chapter 14 – Auditor’s Reports
Types of audit opinions (unmodified, modified, qualified, adverse, disclaimer)
Key audit matters (KAMs)
Reports under PCAOB vs. AICPA
Chapter 15 – Public Sector and Not-for-Profit
Auditing
Differences in standards (GAAS, GAGAS)
Objectives of NFP audits
Compliance and performance auditing
Chapter 16 – Emerging Issues in Auditing and Data
Analytics
Big Data and AI in auditing
Continuous auditing and monitoring
Auditing: A Practical Approach with
Data Analytics, 2nd Edition
Authors: Laura Davis Wiley, Raymond N. Johnson, Robyn Moroney
ISBN: (varies by print & eText versions; 2nd Edition official ISBN-13: 9781119692247)
Coverage: Complete Chapters 1–16
Resource Type: Verified Exam Prep / Test Bank
,Comprehensive Test Bank for Auditing: A Practical Approach with Data Analytics
(2nd Edition, Wiley) | Chapters 1–16 Complete Solution Guide”
Chapter 1 – Introduction and Overview of Audit &
Assurance
Purpose of auditing
Role of auditors in capital markets
Types of assurance services
Chapter 2 – The Audit Process and Risk-Based
Approach
Audit risk model
Materiality and risk assessment
Evidence-based decision-making
Chapter 3 – Professional Ethics and Legal Liability
Code of professional conduct
Independence and objectivity
Legal exposure of auditors
Chapter 4 – Audit Planning
Understanding the client
Analytical procedures in planning
Engagement letters
, Chapter 5 – Internal Control and Corporate
Governance
COSO framework
Management vs. auditor responsibilities
Internal control evaluation
Chapter 6 – Audit Evidence and Documentation
Types of audit evidence
Audit working papers
Reliability and sufficiency
Chapter 7 – Sampling and Data Analytics in Auditing
Audit sampling methods (statistical, non-statistical)
Introduction to data analytics
Use of software in audits
Chapter 8 – Revenue and Cash Receipts Cycle
Key assertions tested
Internal controls over revenue recognition
Substantive audit procedures
Chapter 9 – Expenditure Cycle
Purchases and payments testing
Common risks in the expenditure process
Audit procedures for accounts payable
Chapter 10 – Production and Inventory Cycle
Costing methods and valuation
Internal controls over inventory
Audit procedures for inventory
, Chapter 11 – Human Resources and Payroll Cycle
Payroll fraud risks
Testing payroll transactions
Substantive testing
Chapter 12 – Financing and Investing Cycle
Debt and equity transactions
Audit testing of investments
Financial instruments auditing
Chapter 13 – Completing the Audit
Contingencies and subsequent events
Going concern evaluations
Final analytical review
Chapter 14 – Auditor’s Reports
Types of audit opinions (unmodified, modified, qualified, adverse, disclaimer)
Key audit matters (KAMs)
Reports under PCAOB vs. AICPA
Chapter 15 – Public Sector and Not-for-Profit
Auditing
Differences in standards (GAAS, GAGAS)
Objectives of NFP audits
Compliance and performance auditing
Chapter 16 – Emerging Issues in Auditing and Data
Analytics
Big Data and AI in auditing
Continuous auditing and monitoring
