ISE Auditing & Assurance Services

Timothy J. Louwers is the Director of the School of Accounting and KPMG Eminent Professor in Accounting at James Madison University.Professor Louwers received his undergraduate and masters degrees from The Citadel and his PhD from Florida State University. Prior to beginning his academic career, he worked in public accounting with KPMG, specializing in financial, governmental, and information systems auditing. He is a certified public accountant (South Carolina and Virginia) and a certified information systems auditor. He is also certified in financial forensics.

Professor Louwerss research interests include auditors reporting decisions and ethical issues in the accounting profession. He has authored or coauthored more than 60 publications on a wide range of accounting, auditing, and technology-related topics, including articles in the Journal of Accounting Research, Accounting Horizons, the Journal of Business Ethics, Behavioral Research in Accounting, Decision Sciences, the Journal of Forensic Accounting, Issues in Accounting Education, the Journal of Accountancy, the CPA Journal, and Todays CPA. Some of his published work has been reprinted in Russian and Chinese. He is a respected lecturer on auditing and technology-related issues and has received teaching excellence awards from the University of Houston and Louisiana State University. He has appeared on both local and national television news broadcasts, including MSNBC and CNN news programs.

As auditors, we are trained to investigate beyond appearances to determine the underlying facts-in other words, to look beneath the surface. From the Enron and WorldCom scandals of the early 2000s to the financial crisis of 2007-2008 to present-day issues and challenges related to significant estimation uncertainty, understanding the auditor's responsibility related to fraud, maintaining a clear perspective, probing for details, and understanding the big picture are indispensable to effective auditing. With the availability of greater levels of qualitative and quantitative information ("big data"), the need for technical skills and challenges facing today's auditor is greater than ever. The author team of Louwers, Blay, Sinason, Strawser, and Thibodeau has dedicated years of experience in the auditing field to this new edition of Auditing & Assurance Services, supplying the necessary investigative tools for future auditors.

PART ONEThe Contemporary Auditing Environment1. Auditing and Assurance Services2. Professional StandardsPART TWOThe Financial Statement Audit3. Engagement Planning;4. Management Fraud and Audit Risk5. Risk Assessment: Internal Control Evaluation6. Employee Fraud and the Audit of Cash7. Revenue and Collection Cycle8. Acquisition and Expenditure Cycle;9. Production Cycle;10. Finance and Investment Cycle11. Completing the Audit12. Reports on Audited Financial StatementsPART THREEStand-Alone ModulesA. Other Public Accounting ServicesB. Professional EthicsC. Legal LiabilityD. Internal Audits, Governmental Audits, and Fraud ExaminationsE. Attributes SamplingF. Variables SamplingG. Data and Analytics in AuditingH. Auditing and Information TechnologyCASES