Solution Manual for Auditing & Assurance Services, 9th Edition by Louwers & Bagley – Comprehensive Solutions for Chapters 1 to 12

Solution Manual Auditing & Assurance Services 9th Edition by
Louwers, Bagley ALL Chapters 1 to 12
Auditing (Liberty University)




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, SOLUTION MANUAL
Auditing & Assurance Services 9th Edition by Louwers,
Bagley ALL Chapters 1 to 12




Downloaded by Paul Wilson ()

, Table Of Contents
PART ONE The Contemporary Auditing Environment

1 Auditing and Assurance Services

2 Professional Standards



PART TWO The Financial Statement Audit

3 Engagement Planning and Audit Evidence

4 The Audit Risk Model and Inherent Risk Assessment

5 Risk Assessment: Internal Control Evaluation

6 Employee Fraud and the Audit of Cash

7 Revenue and Collection Cycle

8 Acquisition and Expenditure Cycle

9 The Production Cycle and Auditing Inventory

10 Finance and Investment Cycle

11 Completing the Audit

12 Reports on Audited Financial Statements



PART THREE Stand-Alone Modules

A. Other Public Accounting Services

B. Professional Ethics

C. Legal Liability

D. Internal Audits, Governmental Audits, and Fraud Examinations

E. Attributes Sampling

F. Variables Sampling

G. Data and Analytics in Auditing

H. Information Technology Auditing

I. The Audit of Internal Control For Issuers



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, CHAPTER 01

Auditing and Assurance Services

LEARNING OBJECTIVES


Review Multiple Exercises, Problems,
Checkpoints Choice and Simulations



1. Define information risk and explain how the
q q q q q q q q 1, 2, 3
q q 29, 31, 38
q q 65*
financial statement auditing process helps to
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reduce this risk, thereby reducing the cost
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of capital for a company.
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2. Define and contrast assurance, attestation,
q q q q 4, 5, 6, 7, 8
q q q q 23, 25, 28, 44,
q q q 60, 65*
q


and financial statement auditing services.
q q q q 50


3. Describe and define the assertions thatq q q q q q 9, 10, 11
q q 36, 39, 40, 41, 45,
q q q q 62, 63, 67, 68, 69
q q q q


management makes about the recognition, q q q q q 46, 47, 48, 49, 52,
q q q q


measurement, presentation, and disclosure of q q q q 53, 54, 55, 57, 58,
q q q q


the financial statements and explain why
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59
auditors use them as a focal point of the audit.
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4. Define professional skepticism and explain its
q q q q q q 12 24, 37
q 61
key characteristics.
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5. Describe the organization of public accounting
q q q q q 13, 14q 30, 42, 56
q q 72
firms and identify the various services that they
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offer.
q




6. Describe the audits and auditors in q q q q q q 15, 16, 17, 18
q q q 26, 27, 32, 34, 35
q q q q 64, 66
q


governmental, internal, and operational q q q


auditing.
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7. List and explain the requirements for
q q q q q q 19, 20, 21, 22
q q q 33, 43, 51
q q 70, 71
q


becoming a certified public accountant (CPA)
q q q q q


and other certifications available to an
q q q q q q q


accounting professional. q




(*) Item relates to multiple learning objectives
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