AE Auditing: A Risk Based-Approach,
11th Edition

Karla M. Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

ISBN-13: 9789814834513 | ISBN-10: 9814834513

Copyright 2019

| Published 2018

| 936 pages

List Price USD $249.95


The audit environment continues to change in dramatic ways, and Johnstone/Gramling/Rittenberg's AUDITING: A RISK BASED-APPROACH, 11E prepares students for that fast-changing world by developing their professional and ethical decision-making skills. AUDITING integrates the latest in standards, including new guidance from the PCAOB on audit reports, fraud risks, emerging topics such as data analytics, and ethical challenges facing today's financial statement auditors within a framework of professional skepticism. Extensively re-written to be more student focused, AUDITING has multiple hands-on opportunities to develop critical-thinking skills with new in-text learning features including "What Do You Think? For Classroom Discussion," and "Prompts for Critical Thinking: It’s Your Turn!". Finally, unique end-of-chapter Tableau®-based problems help students become formidable data-driven decision makers. AUDITING can be paired with MindTap digital resources, which offer an interactive ebook as well as engaging, high-impact cases to teach data-driven decision making skills.

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Meet the Authors

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Karla M. Johnstone-Zehms, Ph.D., C.P.A., is an Associate Professor of Accounting and Information Systems at the University of Wisconsin, Madison. She teaches auditing and her research investigates auditor decision making, including auditors' client acceptance and continuance decisions, how fraud risk and fraud brainstorming affects audit planning and audit fees, client–auditor negotiation, and audit budget-setting processes. She has also published various articles on accounting curriculum effectiveness. Dr. Johnstone-Zehms serves on the editorial boards of several academic journals and is active in the Auditing Section of the American Accounting Association, currently serving on the executive committee in the role of treasurer. She has worked in practice as a corporate accountant and a staff auditor and was a doctoral fellow in residence at Coopers and Lybrand.

Audrey A. Gramling, Ph.D., C.P.A., C.I.A., is the Professor and Accounting Department Chair at Colorado State University. Dr. Gramling's research investigates both internal and external auditing issues, with a focus on decision behavior of auditors, external auditor independence, internal control reporting, and other factors affecting the market for audit and assurance services. Prior to earning her Ph.D. at the University of Arizona, Dr. Gramling worked as an external auditor at a predecessor firm of Deloitte and as an internal auditor at Georgia Institute of Technology. She has also served a one-year appointment as an Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission. She is the past president of the Auditing section of the American Accounting Association and has served in an advisory role to the Committee of Sponsoring Organizations (COSO).

Larry E. Rittenberg, Ph.D., C.P.A., C.I.A., is Professor Emeritus, Department of Accounting and Information Systems, at the University of Wisconsin, Madison, where he taught courses in auditing, risk management, and corporate governance. He is also Chair Emeritus of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), where he has provided oversight of the development of the COSO Enterprise Risk Management Framework as well as the COSO Guidance for Smaller Businesses. He has served as vice-chair of Professional Practices for the Institute of Internal Auditors (IIA) and president of the IIA Research Foundation. He has been a member of the Auditing Standards Committee of the AAA Auditing Section, the AICPA's Computer Audit Subcommittee, the Information Technology Committee and the NACD Blue Ribbon Commission on Audit Committees. He's also been vice-president and treasurer of the American Accounting Association. He is a member of an audit committee, board, and governance committee of Woodward Governor, a publicly traded company, and has consulted on audit committee, risk, and control issues with the largest public company in China. More recently, he has been named as one of the seven members of the International Oversight Council for Professional Practice of the IIA. Dr. Rittenberg served as staff auditor for Ernst and Young and has co-authored five books and monographs and numerous articles.

  • EMPHASIS ON PROFESSIONAL SKEPTICISM INTRODUCES THE PRACTICAL APPLICATIONS OF THIS CONCEPT. From a questioning mind to critical assessment of auditing evidence, this book provides your students with the tools to apply the concept of professional skepticism. The book introduces this topic in Chapter 1, while end-of-chapter problems throughout this edition help students see the practical applications of professional skepticism.
  • PROFESSIONAL DECISION-MAKING AND ETHICAL DECISION-MAKING FRAMEWORKS PREPARE READERS FOR REAL BUSINESS CHALLENGES. Several features, including two decision-making frameworks, require readers to carefully consider real-life professional and ethical decisions associated with the chapter's concepts. End-of-chapter cases further emphasize the importance of using professional and ethical decision-making frameworks to address contemporary issues.
  • ACADEMIC RESEARCH CASES HIGHLIGHT RELEVANT RESEARCH STUDIES. Because academic research influences auditor decisions, end-of-chapter problems require students to read a specific research paper and answer questions related to the chapter's topics. Students learn to link theories with relevant academic research as part of their learning experiences, as recently recommended by The Pathways Commission. Selected academic articles are approachable, yet highlight the complexities of real auditing.
  • FOCUS ON DATA ANALYTICS EMPHASIZES PRACTICAL APPLICATIONS. The topic of data analytics is introduced in Chapter 8. The following cycle chapters include end-of-chapter Tableau®-based problems to help students develop the skills necessary to become data-driven decision makers.
  • GENERALIZED AUDIT SOFTWARE WORKS SEAMLESSLY WITH UPDATED CASES. The most popular audit analytics software today is available to correspond with each new text. This new edition closely integrates the use of software into both homework and cases. An appendix and tutorial located at the end of the textbook provide guidance for students unfamiliar with the software. Access to the software can be provided by Instructors who are enrolled in the ACL Academic Network program. Please refer to the Interview Guide for additional details.
  • FEATURES AND CHAPTER EXHIBITS BRING ATTENTION TO MEMORABLE EXAMPLES. Each chapter contains multiple "Why It Matters" and “Focus on Fraud” features and related exhibits that highlight important, relevant, and practical examples and key information related to the chapter's topics. Selected end-of-chapter problems further reinforce this information by requiring that readers review specific features and exhibits.

Table of Contents

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1. Quality Auditing: Why It Matters.
2. The Auditor’s Responsibilities Regarding Fraud and Mechanisms to Address Fraud: Regulation and Corporate Governance.
3. Internal Control Over Financial Reporting: Responsibilities of Management and the External Auditor.
4. Professional Legal Liability.
5. Professional Auditing Standards and the Audit Opinion Formulation Process.
6. Audit Evidence.
7. Planning the Audit: Identifying and Responding to the Risks of Material Misstatement.
8. Specialized Audit Tools: Sampling and Generalized Audit Software.
9. Auditing the Revenue Cycle.
10. Auditing Cash and Marketable Securities.
11. Auditing Inventory, Goods and Services, and Accounts Payable: The Acquisition and Payment Cycle.
12. Auditing Long-Lived Assets: Acquisition, Use, Impairment, and Disposal.
13. Auditing Long-Term Liabilities and Stockholders' Equity Transactions.
14. Completing a Quality Audit.
15. Audit Reports.
ACL Appendix.
Case Index.
Why It Matters and Fraud Focus Index by Chapter.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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AE Auditing: A Risk Based-Approach

  • ISBN-10: 9814834513
  • ISBN-13: 9789814834513

Price USD$ 249.95


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