خرید و دانلود نسخه کامل کتاب Audit Risk Assessment Made Easy: Seeing What Others Miss Kindle Edition

Risk assessment is the foundation of every audit. Yet, peer review findings continue to show that auditors fail to understand risk assessment and how to use it. Auditors often complete numerous planning forms but fail to understand the “why” of doing so. When understood correctly, risk assessment can lead to the detection of material misstatements and the issuance of appropriate audit opinions. In this book, you’ll learn to use risk assessment procedures such as understanding the entity and internal controls, preliminary analytics, and fraud inquiries to detect risks of material misstatement. Then you’ll see how to create a risk portrait that informs your audit planning, and in so doing, you’ll learn to link identified risks to responses including test of details, substantive analytics, and test of controls. This book addresses common questions regarding risk assessment such as: Why do I need to understand internal controls if I am using a fully substantive approach? What internal controls should I pay attention to? What is a walkthrough and when is it needed? What risk assessment procedures are required? When is an account balance, transaction cycle, or disclosure significant? What makes an assertion inherently risky? Can I assess control risk at high even though controls are appropriate? What is a significant risk? How do I assess the risk of material misstatement, including inherent risk and control risk? What is linkage and why is it important? How do I know what audit procedures to include in my audit programs? Who is the book for? The book is for new and experienced auditors and is written in a manner that will make risk assessment easy to understand. Audit risk assessment enables you to perform efficient and effective audits, reducing wasted effort and creating great results. The added bonus is your peer reviewer will smile–and you will too.