Auditing and Assurance Services, 17E Arens, Elder, Beasley & Hogan ©2020 Test Bank and Solution Manual

New To This Edition

Comprehensive and up-to-date coverage of key standards

• Guidance on the latest auditing standards, including the recently issued SAS No. 133, Clarity, and PCAOB standards.
• Extensive coverage of new auditor report guidelines, including a number of illustrations of auditor reports for different engagement circumstances (Chapter 3).
• Coverage of how data analytics and other advanced technologies are being used in all phases of the audit, spanning from initial planning through the completion of the audit.
• Coverage of risk assessment procedures and understanding internal control as well as auditing asset impairment keep students abreast of developments in these important topics.

A solid pedagogy helps students achieve “Ah Ha” moments

• Opening and Mid-Chapter Vignettes help students connect the important auditing concepts to real-world situations.
• Multiple-choice problems from Becker’s CPA exam preparation materials, providing an introduction to the CPA exam format and opportunity for early practice with CPA exam-style questions.
• A datasetfeaturing hypothetical company, JA Tire Manufacturing, gives students hands-on experience using various audit data analytics tools.
• Research problems require students to conduct internet-based research to address various audit issues, exposing them to real audit-related decisions.
• Select problems using ACL allow students to see how audit software (Microsoft Excel) is used to perform specific types of audit tests.
• An integrated Pinnacle Manufacturing case, revised in the 17th Edition with new financial data, gives students hands-on experience and a better understanding of how the different parts of an audit form the auditing process.

About the Author(s)

Al Arens, founding author of this textbook, was the PricewaterhouseCoopers Professor of Accounting Emeritus at Michigan State University. In addition to writing books on auditing, he was a coauthor of computerized accounting supplements and he was actively involved in the continuing education of practitioners with local and regional CPA firms. Al was a past president of the American Accounting Association and a former member of the AICPA Auditing Standards Board. He practiced public accounting with both a local CPA firm and the predecessor firm to Ernst & Young. He received many awards including the AAA Auditing Section Outstanding Educator award, the AICPA Outstanding Educator award, the national Beta Alpha Psi Professor of the Year award, and many teaching and other awards at Michigan State.

Randy Elder, who has served as a coauthor of this textbook since the 8th Edition, is Dixon Hughes Goodman Professor and Department Head of Accounting and Finance at the University of North Carolina at Greensboro. He teaches undergraduate and graduate auditing courses, and has received several teaching awards. His research focuses on audit quality and current audit firm practices and he served as the team leader for the American Accounting Association Auditing Section PCAOB research synthesis teams on audit confirmations and audit sampling. He has extensive public accounting experience with a large regional CPA firm, frequently teaches continuing education for a large international CPA firm, and is a member of the AICPA.

Mark Beasley, who has also served as a coauthor of this textbook since the 8th edition, is the Deloitte Professor of Enterprise Risk Management and Professor of Accounting at North Carolina State University. He has taught undergraduate and graduate auditing courses, and has received several teaching awards including membership in NC State’s Academy of Outstanding Teachers. He has extensive professional audit experience with the predecessor firm to Ernst & Young and has extensive standards-setting experience working with the Auditing Standards Board as a Technical Manager in the Audit and Assurance Division of the AICPA. He served on the ASB Fraud Standard Task Force responsible for developing SAS 99, the ASB Antifraud Programs and Controls Task Force, and the Advisory Council overseeing the COSO Enterprise Risk Management – Integrated Framework project. He served over seven years as a member of the COSO Board, representing the AAA.

Chris Hogan joined as a coauthor starting with the 16th Edition. Chris is the Russell E. Palmer Endowed Professor of Accounting and Department Chairperson in the Eli Broad College of Business at Michigan State University. Chris teaches graduate auditing and her research focuses on internal controls and integrated audits, audit firm client portfolios, and the impact of regulation on audit markets. Chris has auditing experience with Price Waterhouse, one of the predecessor firms to PricewaterhouseCoopers, LLP. She has served in multiple leadership roles within the American Accounting Association, including serving as President of the Auditing Section and on the Audit Committee of the AAA.