Pack Auditing and Assurance Services in Australia (includes Connect, LearnSmart, and SmartBook)

This pack contains the printed textbook Auditing and Assurance Services and access to Connect and SmartBook. McGraw-Hill Connect is a digital teaching and learning environment that gives you the means to better connect with your coursework, with your instructors, and with the important concepts that you will need to know for success now and in the future. With Connect you can practise important skills at your own pace and on your schedule. This version of Connect comes with LearnSmart, an adaptive study tool proven to strengthen memory recall, increase class retention, and boost grades. By identifying your strengths and weaknesses, you can ensure that every minute you spend studying has the highest possible impact. With users experiencing an average of a letter grade improvement, adaptive learning is a proven way to increase your success and confidence. SmartBook is a digital version of your course textbook. It contains the same content within the textbook, but unlike a typical eBook, SmartBook actively tailors that content to your individual needs as a student.  Auditing & Assurance Services takes a business risk approach to the standard audit practice that has been incorporated into both national and international auditing standards. Students are provided with a solid theoretical grounding in all aspects of auditing, as well as insight into current challenges of the profession. Auditing and Assurance Services has attracted a loyal following with its user-friendly structure, layout and organisation and its clear and comprehensive writing style. With a reputation built over several editions for timely, comprehensive and accurate incorporation of auditing standards this edition continues the trend.

Table of Contents:
Part 1: THE AUDITING AND ASSURANCE SERVICES PROFESSION  1. Assurance and auditing: an overview 2. Audit regulation, structure of the profession and auditor's liability 3. Ethics, independence and corporate governance Part 2: PLANNING AND RISK ASSESSMENT 4. Overview of elements of the financial report audit process 5. Planning, understanding the entity and assessing business risk 6. Assessing inherent risk, and other specific business risks 7. Understanding and assessing internal control Part 3: RESPONSE TO ASSESSED RISKS: TESTS OF CONTROLS AND TESTS OF DETAILS  8. Tests of controls 9. Substantive tests of transactions and balances 10. Audit sampling Part 4: COMPLETION AND COMMUNICATION  11. Completion and review 12. The auditor’s reporting obligations Part 5: OTHER ASSURANCE SERVICES  13. Other assurance services and advanced topics 14. Internal auditing 15. Audit and assurance services in the public sector Appendix: Continuous case study: background information

About the Author :
Grant Gay, MEc Monash, FCA, is an associate professor in the Department of Accounting and Finance at Monash University, specialising in auditing and financial accounting. He is a former audit partner with KPMG and has extensive Australian and international audit experience. Grant is a former member of the Australian Auditing and Assurance Standards Board, as well as being an experienced facilitator in the CA Program and an author in the CPA Program. He researches actively in the audit area and has published numerous refereed articles. ROGER SIMNETT, PhD, UNSW, is a Professor in the School of Accounting at The University of New South Wales. He teaches and researches in the financial accounting and auditing areas and has recently become the first academic appointed as a member of the International Auditing and Assurance Standards Board (IAASB). Roger has a background in standard setting, including his time spent on the Australian Auditing and Assurance Standards Board from 1995-1999.