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Monday September 6, 2010

Why And How Audits Must Change
by Thomas P. Houck

Business/Strategy (click here to view other books in this category)

Why And How Audits Must Change January 0001

Thomas P. Houck

Wiley -

9780684849140

****

Price

4,400.00

$33.85

When recent business scandals caused the credibility of independent audits to plummet, investors and the business community largely lost faith in the ability of auditors to adequately fulfill their professional responsibilities. Despite recent legislation designed to improve audit quality in the United States, the conditions that most often lead to ineffective audits have not been adequately A dressed. Why and How Audits Must Change: Practical Guidance to Improve Your Audits describes the essential steps that accounting firms must take to improve audit quality. The author provides detailed coverage of important topics such as risk-based auditing techniques, analytical procedures, technology, and internal controls. After explaining why frequently used audit approaches are inadequate for detecting material fraud, the author: Provides specific and practical guidance to help auditors conduct higher quality audits Offers guidance to financial executives on ways to evaluate their independent audits Describes the steps that accounting firms must take to implement these much-needed changes Utilizing a wealth of practical examples and case studies, the author shows today's auditors and accounting firms how to significantly improve the overall quality of their audit engagements. He also makes a convincing case that auditing can be rewarding, exciting, and profitable. THOMAS P HOUCK, CPA, is the Chairman of AuditWatch, Inc., the premier training firm in the audit profession. Widely recognized as one of America's top experts on auditing, Mr. Houck is often quoted and interviewed, and is a frequent speaker at major conferences. He has advised hundreds of accounting firms on techniques and approaches needed to conduct more effective and efficient audits, and led research efforts to identify new approaches for conducting such audits. In addition to authoring the successful subscription newsletter, The Efficient Auditor, from 1993 to 2003, Mr. Houck has contributed to Guide to Risk-Based Audits and Guide to Value-Added Audits.