AUDITING & ASSURANCE SERVICES | FEATURES FOR 9TH EDITION

The 9TH edition provides the most comprehensive coverage of Data and Analytics and real-world issues in the auditing profession.

October 05, 2022

Higher Education Blog Accounting Ledger Article

The 9TH edition provides the most comprehensive coverage of Data and Analytics to prepare students for the practice of auditing as well as the revised 2024 CPA Exam:

• A dedicated module with a comprehensive example of applying Data and Analytics in the audit following the steps in the AICPA Guide to Audit Data Analytics.

• Comprehensive, author-created Data and Analytic cases in the chapters on the revenue cycle, acquisition and expenditure cycle, and audits of inventory.
• Six additional comprehensive author-created Data and Analytic cases covering purchasing cards, warranty estimates, inventory obsolescence, property and equipment, revenue estimates, and fraud risk assessment.
• All data is provided in flexible format to enable instructor implementation in IDEA, Alteryx, Excel or any other relevant software package.
• An author-created guide to teaching Data and Analytics in auditing courses, with suggested syllabi, case assignments, and IDEA solutions to all cases.
• All Data and Analytics cases come with fully machine gradable options in Connect.

The 9th edition maintains its leadership in providing the most current coverage of real-world issues in the auditing profession through the following items provided on Connect and in the text:

• Auditing Standards Updates, which summarize recently-issued standards by the ASB and PCAOB as well as exposure drafts of proposed standards.
• The Updated Classroom, a series of classroom discussion cases revolving around real-world issues that provide students with exposure to business press articles, SEC filings, and other professional material.
• The Updated Auditor, a monthly summary of business press and relevant academic research that can be used by instructors to illustrate concepts discussed throughout the text.
• Apollo Shoes, a series of audit mini-cases that allows students to perform portions of a mock-audit, thereby illustrating how important auditing concepts learned are implemented in practice.
• New to the 9th edition of the text are “PCAOB Inspection Focus” excerpts, which provide examples from actual PCAOB inspection reports for various topics discussed throughout the text.
• In addition to these items, the text continues to incorporate relevant, real-world examples as “Auditing Insights” throughout the text.

Author: McGraw Hill Higher Education